GMD 2.65% $1.84 genesis minerals limited

Ann: Acquisition of Dacian Gold and Capital Raising, page-19

  1. 8,218 Posts.
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    i like their project has scale and grade. RF is a proven operator and value builder. The owner mining model is key. Don't see a dud here hence I've been holding for a while but there is still risk around DCNs low-grade pits - Drillimg results inconsistent.

    GMD are not a target. Too small for NST they have $1B to pony up at KCGM, and have hemorrhaged talent. Maybe goldfields or Anglo but I think RF is going to make a statement here. If he repeats SAR I can retire.
 
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