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9.68%

1.4¢ great northern minerals limited

Ann: Initial Results outline significant gold system at Big Rush, page-24

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SuperWealthy

7,131 Posts.

845

16/09/20

14:01

Post #: 47387172
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Originally posted by Artvandelay01: ↑

Think you have nailed it ronme. Bit of a school boy error if that’s the case, but it doesn’t change the investment thesis for me.

The drill results are promising, they are cashed up for now following the recent placement with potential near term cash inflows from the sale of the old stockpiles. Technical director Simon Coxhell has a decent track record. Lots of newsflow to come short term. If you believe the global economy is shot and see the POG is going up then for a $20 market cap you could do a lot worse.

All IMO, DYOR etc

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Each to their own, but I’m a little surprised that school boy errors wouldn’t impact an investment thesis. Firstly, I’m not super keen to have money invested in companies overseen by schoolboys - huge credibility hit for management. And secondly this calls into question the quality & reliability of information any investment is made upon - how many other “small” amounts of misinformation have been dropped along the way but missed by the ASX?

Huge red flag for me.

GNM Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.4¢		Change -0.002(9.68%)		Mkt cap ! $2.164M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.4¢	$1.479K	100.0K

Buyers (Bids)

No.	Vol.	Price($)
3	382408	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	36667	1

View Market Depth

No.	Vol.	Price($)
3	382408	0.014
4	694995	0.012
7	1010451	0.011
5	1229995	0.010
2	433330	0.009

Price($)	Vol.	No.
0.015	36667	1
0.016	33334	1
0.017	58817	2
0.018	416660	3
0.019	230001	3

Last trade - 15.35pm 03/09/2024 (20 minute delay)

GNM (ASX) Chart