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5.9¢ galena mining limited

5 Bagger Thread. Fundamentals and Opinions, page-1823

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Ham123

17 Posts.

23/09/21

16:05

Post #: 56300908
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Originally posted by Ham123: ↑

How does a company with ~$100m in cash, net assets of $130m and a resource with a conservative NVP of ~$550m have a market cap of $100m?!

The market is effectively saying that the resource has no value atm, even though its one of the most significant lead deposits in the world, campsite is mostly done, processing is well on its way and contractor is signed on and mobilised.

It is very frustrating to watch, biggest issue IMO is lack of liquidity in the market. People don't seem to know this thing exists!

But the way I like to calm myself down is to think that as we approach production it will have to head up... or our dividend ratio will be like 20% lol.

IMHO

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Case and point, their Linkedin has no Posts and they're developing their decline next month. I thought AM was meant to be a publicity and deals expert??? Someone needs to tell them to hire a PR manager - hell a teenager with a phone would be a start!!

G1A Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
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