"255 million options issued to CIC at strike price of 40c not to mention macbanks lot. This in effect is a capital raising at 40c per share. So why are they selling their shares at 40c when they are worth ATLEAST $1? Wealth reduces immediately for existing shareholders unless GMG can use that 40c per share raised to generate 60c per share in shareholder wealth. I don't see that happening."
NTA, NTA, NTA.............etc
NAV, NAV,,,,,etc
These are book entries and modern fiction to soothe the masses at any moment.
In these days of turmoil (actual.......GFC induced)(Articial...shorting and rumourtrage induced) what matters is your survival.
Survival, Survival, not NTA, NTA......
Yes the banks want to know NTA etc............but I want Survival. The Banks want your guts
ATM GMG is surviving. The China imbroglio with RIO is not helping the CIC story and MQG is rationalising the SATELLITE story
The real bottom line is your BUIDINGS and PEOPLE and where they are located and the business plan and experience to network these.That is the VALUE as distinct from the SP and NAV, NTA etc...............modern day FICTION
GMG Price at posting:
40.4¢ Sentiment: Hold Disclosure: Held
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