First Post here guys.
Been holding for few months.
After some extensive research started buying DEG, BDC & GMD.
High conviction explorer & developers.
DEG bolted .....got out with the best gains ever from an explorer. However my research indicated GMD would be the first one to run. That didn't happen. Management have gone very quiet lately. Generally GMD has very light trading. Holders don't want to part with their shares at these prices. Buyers are reluctant to bid up as if waiting for some news. (There is evidence of hidden interest). Recent market action suggest something is brewing behind the scene. There has been some large buy/sell orders in the last two weeks. I have a view that GMD is a possible takeover candidate. Would SBM make a move ???. And if it so why haven't SBM acted yet. What are they waiting for?? A 75-100% premium would seal the deal. Or Ian Gandel (ALK) have some other plan?? Would anyone have some opinion...please would like to hear some constructive discussion. Thanks.
The day is not over but today's green candle is the largest since October 2018. (supported by no news)
Something to think about.
Ann: Quarterly Activities Report, page-24
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Last
$2.21 |
Change
0.070(3.27%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.26 | $2.18 | $7.521M | 3.377M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 69630 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 65511 | 53 |
View Market Depth
| Last trade - 14.20pm 08/11/2024 (20 minute delay) ? |
| GMD (ASX) Chart |