GMM Just a reminder if you like to be in small caps before results, GMM has results due out tomorrow or friday (next week on off chance its delayed) for its Shoemaker project (1st stage rc drilling) which is targetting high grade iron ore and manganese.
Also at any time in July or August we are also expecting GMM to announce that their Mongolian Potash project is about to begin drilling which given the recent Mongolian frenzy should really set this share alight!
GMM Details: * 63mil Ordinary Shares * 12.7mil Options * Market Cap @ 17c = $12.9mil * Cash On Hand = $3.6mil * Value of Potash & Shoemaker Projects = $9.3mil (at 17c) * Directors own 14% of the company, will do anything they can to not dilute shares. * Recently did a placement at 17.5c to advance Potash project.
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Definitely think this is a buy, tightly held share registry with directors who own a chunk of the company and some big upside if Shoemaker comes through in the next week, with limited downside due to the Mongolian potash drilling.
GMM Price at posting:
15.9¢ Sentiment: Buy Disclosure: Held
