GMD genesis minerals limited

SBM take-over off the table? Who else?, page-8

  1. 351 Posts.
    lightbulb Created with Sketch. 98
    So GMD have raised 40mil dollars.. since last
    year and compiled a resource upgrade in
    March 2021. What have they delivered since then... 3 monthly drill results while they were good the level of activity is disappointing.
    https://hotcopper.com.au/data/attachments/3312/3312265-44191824abe02a1ce7ba80169b05634a.jpg


    They are an exploration company that did not drill hole from Jan to July 2020. The had just completed feasibility study and had a resource at Ulysses to expand. That feasibility study was also delayed ... twice?
    https://hotcopper.com.au/data/attachments/3312/3312261-805d3710eebb2a2a17dd2157d4d9b987.jpg

    This was the Gold price during that period.
    https://hotcopper.com.au/data/attachments/3312/3312264-39ecff70555111f5236273f3970d7ddc.jpg

    This company IPO'ed at 20c, 10 years ago with the MD at the helm. It now has nearly 2 billion shares and raised many times its market cap from shareholders. Say we need a step change.











 
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Last
$4.02
Change
-0.100(2.43%)
Mkt cap ! $4.543B
Open High Low Value Volume
$4.11 $4.13 $3.97 $9.786M 2.430M

Buyers (Bids)

No. Vol. Price($)
5 9766 $4.00
 

Sellers (Offers)

Price($) Vol. No.
$4.04 228 1
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