GMD 1.79% $2.27 genesis minerals limited

I like the project, always have. Assume they likely find...

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  1. 351 Posts.
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    I like the project, always have. Assume they likely find high-grade shoots like under Ulysses.. I liked the purchase of the Kookyine tenements which provided open pit feed for UG and conveniently included a borefield needed to support a mill.

    What doesn't smell right is massive sell pressure on every announcement when apparently the roses will smell nice after the resource upgrade. Sayb8ts the Gold price but have a look at the drill results announcements over layed with the share price.. announcement says one thing and the share price another.

    They are massive piles of shares getting dumped on a thin volume stock. It reeks. So SMS were paid shares for earthmoving services and a former significant holder faced some tax trouble in years past but this keeps going on the sell pressure. Brokers from the 4c raise? Gifted cheap shares - I don't know its just speculation.

    My opinion is I am not selling now but definitely not buying more... I like the horse but not the jockey... disappointed when as an exploration company they didn't drill a hole for 6 months... now this dumping of big parcels.. waiting for a predator to come in an double the sp.

 
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Last
$2.27
Change
0.040(1.79%)
Mkt cap ! $2.561B
Open High Low Value Volume
$2.30 $2.31 $2.24 $2.594M 1.139M

Buyers (Bids)

No. Vol. Price($)
31 59030 $2.27
 

Sellers (Offers)

Price($) Vol. No.
$2.28 56611 59
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Last trade - 14.38pm 15/11/2024 (20 minute delay) ?
GMD (ASX) Chart
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