I think the stock has been so punished that a cap raise may actually move the stock north based upon relief that they aren't going to go belly up.
Also REITs all over are starting to move up.
Is it correct that GMG are cash flow positive, its only due to the re evaluation and write down of assets that they made a loss?
I also agree that this will move up so quickly that it will catch some people out. There would have to be more chance that it will move up than down in my opinion.
$1 by july, page-6
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Last
$37.08 |
Change
0.090(0.24%) |
Mkt cap ! $70.88B | |||
| Open | High | Low | Value | Volume |
| $36.87 | $37.66 | $36.63 | $158.9M | 4.280M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23774 | $37.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.10 | 104 | 1 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| GMG (ASX) Chart |