People get impatient, they sell. Hang in there, have a read of SBM's announcement in the last week. They're sitting on circa ~$400(?) mill cash, and have a mine and mill which is within 20km of GMD's project which they can't fill to 1.4mpta, they can possibly get up to a stetch of 1.1mpta from their mine (could be only one year) and duly got punished by the market. It makes complete sense for them to snap up GMD to fill their mill to increase their NPV, de-risk their reliance on a mine that is only getting very very deep, its a no brainer. Tick Tock.
People get impatient, they sell. Hang in there, have a read of...
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Last
$2.20 |
Change
0.020(0.92%) |
Mkt cap ! $2.468B | |||
| Open | High | Low | Value | Volume |
| $2.23 | $2.25 | $2.16 | $8.795M | 3.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7587 | $2.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 266478 | 7 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| GMD (ASX) Chart |