GMD 1.29% $2.29 genesis minerals limited

Ann: Investor Presentation - RIU Explorers Conference, page-13

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  1. 351 Posts.
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    I like the project, always have. Assume they likely find high-grade shoots like under Ulysses.. I liked the purchase of the Kookyine tenements which provided open pit feed for UG and conveniently included a borefield needed to support a mill.

    What doesn't smell right is massive sell pressure on every announcement when apparently the roses will smell nice after the resource upgrade. Sayb8ts the Gold price but have a look at the drill results announcements over layed with the share price.. announcement says one thing and the share price another.

    They are massive piles of shares getting dumped on a thin volume stock. It reeks. So SMS were paid shares for earthmoving services and a former significant holder faced some tax trouble in years past but this keeps going on the sell pressure. Brokers from the 4c raise? Gifted cheap shares - I don't know its just speculation.

    My opinion is I am not selling now but definitely not buying more... I like the horse but not the jockey... disappointed when as an exploration company they didn't drill a hole for 6 months... now this dumping of big parcels.. waiting for a predator to come in an double the sp.

 
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$2.29
Change
-0.030(1.29%)
Mkt cap ! $2.584B
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$2.30 $2.31 $2.26 $579.3K 253.8K

Buyers (Bids)

No. Vol. Price($)
28 35712 $2.28
 

Sellers (Offers)

Price($) Vol. No.
$2.29 27013 10
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