Yep GMD probably running a bit hard at the moment, investors might be looking too far ahead, but the well advertised strategy is shaping up well for Raleigh.
What's next, do they go for STN, low grade bulk tonnage project...it's meat and potatoes mining, but very profitable. STN need cash soon.
GMD, no debt, $156 mil cash, big apetite. At the risk of a little indigestion, I wouldn't be surprised if they move again sooner rather than later, after all that has been the modus operandi, particularly when the gold sector is still so undervalued.
Ann: 2023 Diggers and Dealers Presentation, page-16
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Last
$2.30 |
Change
-0.020(0.86%) |
Mkt cap ! $2.595B | |||
| Open | High | Low | Value | Volume |
| $2.30 | $2.32 | $2.26 | $96.58M | 42.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31308 | $2.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.31 | 101 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| GMD (ASX) Chart |