That's good news thanks John, from what I understand there's a number of follow up sites that they are targeting for drilling. It would be nice to have an early Xmas.
I agree that the small shareholding does have the upside of being more beneficial should a positive outcome occur, it just makes it harder to buy for the small punters (like me) though.
Yeah DJ $5m is not a lot, but better than where GMX was at the time, also it means GMX can move forward without having to stop for more capitalization. A major could throw a lot more at it, but a major's share price is a lot more as well and not nearly as rewarding when a success occurs. But I'm not stating anything new there.
I believe GMX also have quite a large licence area not included in this deal. It is a waiting game and although patience is the key, a little excitement doesn't hurt from time to time.
Meanwhile I will sit on my stocks and buy a few more from time to time when I can afford it, that's if there's any left of course.
- Forums
- ASX - By Stock
- GMX
- more of a matter of when than if.
more of a matter of when than if., page-11
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GMX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online