GMM general mining corporation limited

Disappointing with the sell news reaction today- last of the...

  1. 5,338 Posts.
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    Disappointing with the sell news reaction today- last of the placement duckers dropping their load imo...

    Offtake agreements as mentioned in today's announcement could be a key share price driver moving forward and should be managements main focus imo prior to the next raising.

    Half of all tantalum mined goes into electronic capacitors which is used in just about all electronic equipment. I've posted the links on the other thread, but forecasts suggest that 2nd and 3rd world markets will account for nearly a 50% increase in total smart phone shipments from 2014 to 2018. This coupled with Fotios' proven track record with NST should give GMM imo decent negotiating power with potential offtake partners.

    Management have been proactive in minimizing shareholder dilution thus far so I can't see that changing- rare opportunity here imo to buy into an asx junior boasting such a short production time frame into what I believe may be the next commodity super bubble...

    Long term hold for me.
 
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