GLTAH
IMO Management have done a great job in getting to where they are. They have ticked a few boxes and have their processes right and have not been sidetracked trying to make BS news releases (despite the constant request from some posters) They have a clear vision and focused on delivering.
As per comments from AGM they are now turning some of their attention to getting the good news flowing (they indicated the first half of next year but we have seen some of that already)
There are obviously some variables with tungsten price and availability but from what I have read (to be fair its limited unless you want to pay for few grand for a report) the outlook is promising and was supposed to be on the up this year, until covid hit (though this may work in our favour with some apparent mine closures)
Looking back 12-18 months this would have been a speculative investment, I think if you get in at the moment or are already a holder you should have confidence that your buy in is secure (within reason)
The quarry underwrites the sustainability/going concern of the company with solid revenue due to be reported this quarter and more to come by the sounds of it.
The ramp up of tungsten production may have been too slow for some holders but it has been done in a methodical and calculated way to ensure low costs and best output possible. As the operation grows its fair to assume, without oversimplifying, that additional capacity is simply tacked on to an already well oiled machine.
Sounds like the gold assets will be another feather in the cap. These guys are moving from exploration to production an have the right team, partnerships and plan to really forge ahead.
Its an exciting time to be holder of this stock. If you have any patience at all then I think you would be crazy to be selling this sub 15cents. Cant substantiate that in any way at all but looking at the value of assets, what's in the ground, the management, the partnerships in place, the plan and the approach being taken its not all that long a bow to draw.
All in my opinion, I have no crystal ball, I am genuinely excited about this stock and looking forward to watching the progression over the next 12-18 months.
Again, IMHO GLTAH.
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Last
3.7¢ |
Change
0.002(5.71%) |
Mkt cap ! $100.9M |
Open | High | Low | Value | Volume |
3.7¢ | 3.9¢ | 3.7¢ | $328.7K | 8.829M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 311790 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 374118 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 311790 | 0.037 |
1 | 40000 | 0.036 |
1 | 75000 | 0.035 |
2 | 80000 | 0.034 |
7 | 1579733 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 374118 | 3 |
0.039 | 200000 | 1 |
0.040 | 560847 | 2 |
0.041 | 320000 | 1 |
0.042 | 260000 | 2 |
Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
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