I sent an email to the company asking if Michael Fotios has been offloading shares given his situation, the response was that Michael Fotios and family members have gone from being major shareholders in GMD to minor shareholders recently.
You were correct Rado.
Its obviously frustrating to see the SP at this level, but at the same time the forced selling has created an opportunity to load up at a discounted price.
The AUD gold price is sitting near record highs, significant profit margins for Australian gold producers. A weakening AUD will likely support the AUD gold price moving forward, which will in turn reflect favorably on in ground Australian gold resources, especially those near operational mines with dwindling reserves.
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Last
$2.37 |
Change
-0.080(3.27%) |
Mkt cap ! $2.652B |
Open | High | Low | Value | Volume |
$2.40 | $2.40 | $2.34 | $2.132M | 898.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 14240 | $2.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.38 | 24670 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 14285 | 2.370 |
24 | 77374 | 2.360 |
25 | 111031 | 2.350 |
15 | 291925 | 2.340 |
11 | 40960 | 2.330 |
Price($) | Vol. | No. |
---|---|---|
2.380 | 21020 | 22 |
2.390 | 91144 | 15 |
2.400 | 32446 | 18 |
2.410 | 145520 | 7 |
2.420 | 31160 | 6 |
Last trade - 12.41pm 01/11/2024 (20 minute delay) ? |
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