As stated by James, when he joined last year he saw challenges but also potential.
To note that the TOP 20 holds 81% of the float demonstrates it is a very tight register and as things improve for this company in 2025 this will assist a strong rise/rerate in the price due to only 19% of free float available (on the basis that the TOP 20 stick loyal). This for me, is a key factor in my investment decision here as I see a significant capital growth opportunity.
I was impressed with the contents of the report and the focus on the balance sheet strengthening and progress and expansion at Golden Grove.
This is a hold and add for me and very much looking forward to the quarterly next week to assess progress.
GLTAH
29M Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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