What did you expect? It's always handy to confirm what the long term strategy is and given they have so much ground to explore the potential to add significant resources remains in place. That takes time so don't fret. The underlying strategy (which ebbs and flows on behind the scenes discussions)remains the eventual consolidation of the region. Note early in the presentation they mention we own productive ground within this UNconsolidated tier 1 region. This infers that the underlying strategy is being part of the eventual consolidation to exponentially add SH value.
GML is as yet the junior amongst juniors so is not able to drive a worthwhile deal.
Keep your eyes on HRN and Alto who between them have 4m+ ozs of gold and HRN are moving to develop their existing infrastructure and start cashflow by end mid 2025. The key point here is Zeta who is the major SH of HRN are cashed up and can finance this development. I'll be keeping my large HRN holding and my holdings in GML(accumulating more) and Alto for a good payday in 2025/2026.
Don't forget our beaten down MC to 5m is so low that NOW is the time to accumulate more for the end game of being bought for more like 50m+ when we have 1m+ ozs. Note Strickland sold 300k ozs for 60m to NST.
Westgold are kicking goals right now as well and they no doubt have an eye on adding "cheap" ozs given they have existing mills close by.
IMO DYOR GLTAH
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.304M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $798 | 38K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 503080 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 36710 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 503080 | 0.021 |
3 | 490000 | 0.020 |
2 | 700000 | 0.018 |
2 | 640000 | 0.017 |
1 | 62562 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 36710 | 1 |
0.023 | 165000 | 1 |
0.024 | 200000 | 1 |
0.025 | 440000 | 2 |
0.026 | 500000 | 1 |
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