gmxs nickel results vs meus

Yesterday GMX came out and released the following

"HIGHLIGHTS
-GMX continues to identify shear-hosted nickel sulphides at Veri Veri Prospect
-Results to date include:
o 0.4m @ 18.5% Ni in a grab rock chip sample
o 0.25m @ 10% Ni, 1m @5.74% Ni and 1m @4.26% Ni in continuous rock chip samples"

This caught my attention but the market didnt seem that impressed so I left it alone however toda I saw MEU rise 400% on a FOLLOW UP announcement to one it put out 2 days ago


MEU ASX Ann 19th Sept
"5 km long coincident copper/nickel-in-calcrete anomaly and magnetic target identified on Pundinya in the Gawler Craton.
• Anomalous copper and nickel-in-calcrete with grades of up to 175 ppm Cu and 330 ppm Ni, similar to the initial results reported from the recent Nova discovery in WA."

Not much reaction to ann

Todays Ann
"Extensive outcrop discovered within 5 km long coincident copper/nickel-in-calcrete anomaly and magnetic target at Durkin copper/nickel prospect.
• Visible copper and nickel sulphide mineralisation occurs at multiple locations."



Seeing the market initially ignore MEU's results to then take it up 400% 2 days later was the push I needed to buy some GMX today as we can expect follow up results

"-Follow-up trenching results currently awaited
-Comprehensive review of current and historical programs and results initiated"



The company is capped at about $6.5m with around $5m in the bank and so is cashed backed around 5c

Add to this the chart is still near its lows around 5.5c and I see GMX as a worthwhile punt and am happy to buy