Why would I need to wait for GGG to comment? But since you wanted to know here is my take of the announcement and try to consider it as it will be good for your pocket yeh
- JM is not sacked but step aside and still on the payroll so more cash burnt
- GGG is looking at new projects as I predicted to me it means, they're not giving much hope with Kvanefeld uranium mine
- Let see what new projects they're going to acquire less than $30M in the bank as I can't see they can secure a project advance as Kvanefeld and more likely greenfield projects and I can see they will be looking for more capital raising and shares dilution
As I've been saying, GGG need to take a hit to reset and refocus and at least the announcement is a start but it does not means the end of share price fall. There is better stock opportunity with HUGE exposure in Greenland and strong backing for their uranium assets in Oz and the benefit of securing free share in their uranium spin off by owning the stock. It much more attractive to switch over still to me yeh.
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News: GGG Greenland Minerals Appointed Daniel Mamadou As Managing Director, page-25
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Mkt cap ! $29.49M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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2.2¢ | 536181 | 4 |
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5 | 2040226 | 0.018 |
2 | 2176470 | 0.017 |
1 | 625000 | 0.016 |
1 | 42000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 536181 | 4 |
0.024 | 162542 | 2 |
0.025 | 120000 | 1 |
0.026 | 8000 | 1 |
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