Yeah I had the same thought on the 2.2c strike—felt like they left a bit on the table. But maybe it’s strategic: low barrier to exercise means faster cash if the price lifts, and no excuses not to convert if momentum’s real.
The key thing is this raise now guarantees GCM has the funds to hit commercialisation—no further capital raises needed to get there. That’s a huge de-risking event.
$300M cap in 2025 seems fair if they land contracts. Even modest revenue in H1 2026 re-rates the whole story. 2025’s the year to build the base. Anyone pushing 50c+ now is living in hopium land. Let the company execute. Delivery = value. Simple.
Yeah I had the same thought on the 2.2c strike—felt like they...
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 (20min delay)
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $44.17M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 2.0¢ | 1.7¢ | $1.055M | 57.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 3398667 | 6 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| GCM (ASX) Chart |