GNM great northern minerals limited

Probably time to revisit this roughie now that despair is...

  1. 11,369 Posts.
    lightbulb Created with Sketch. 989
    Probably time to revisit this roughie now that despair is setting in.
    Folk forget that GNM recently added $1.3m to the tin, an equivalent of .008/share. It still holds 37% of Golden Ant. There's $1m owing, though not in the immediate future as well as the 10% we will retain, worth at least $300k. So, fair to say, another .008 in value.
    However, for the life of me, I don't know why some effort isn't put into EPM28301, where a clearly marked antimony prospect is lurking. Surely, some marketing or even a quick visit for rock chip sampling would be of benefit. I do know that Steady Eddie told a shareholder the block had been sold into the Golden Ant deal...clearly, it wasn't.
    That brings me to my main gripe over what is a great shell. While Eddie& Formica might be adept at spinning around in board seats their eyes have glazed over from the salaries of multiple board positions....there's no killer instinct in either of them, so hopefully, when an acquisition does hit, they appoint someone with a geo/ exploration background. No doubt, any deal is likely to be introduced by CPS, so these two won't have much say in it and I query their ability to handle the pick&shovel side of exploration etc. Some new blood is needed here, someone who is hungry and motivated.
    In the meantime, it's likely this will run again and at current levels provides value, in the meantime....Eddie, get some motivation and dust off this tenement...you don't need to be Einstein to figure out how Stibnite Hill got its name
    That tenement is now granted...
    Screenshot_20250327-190316_Gallery.jpg
    Last edited by minoil: 27/03/25
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.4¢
Change
-0.001(6.67%)
Mkt cap ! $2.164M
Open High Low Value Volume
1.4¢ 1.4¢ 1.4¢ $10.02K 715.9K

Buyers (Bids)

No. Vol. Price($)
1 243887 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 34299 1
View Market Depth
Last trade - 14.09pm 16/06/2025 (20 minute delay) ?
GNM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.