GML 0.00% 2.4¢ gateway mining limited

Ann: Investor Webinar Gidgee Drilling and Exploration Update, page-39

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  1. 1,189 Posts.
    lightbulb Created with Sketch. 361
    Little do you know.

    Well you've had "sentiment BUY" on this stock over the last year and here is the result:

    https://hotcopper.com.au/data/attachments/4159/4159944-950d532fca1b85e386ef6d06d0b0db13.jpg

    Certainly one of us knows little.

    I find it is best not to fall in love with a stock, particularly one that has been more or less abandoned by the board, as they jumped ship to concentrate their efforts on STK STRICKLAND METALS. By doing so they've more than doubled their investment, while GML share price has decreased by over 65%. Yes they periodically throw a few coins our way (e.g., today's announcement) but IMHO they (along with everyone else it seems, based on the share price performance) know this is a dud, and will sell it rather than make it a producer. And being a dud, we won't get much for it IMHO. Fortunately I sold most of my holding at 2.0c and reinvested elsewhere (with positive outcome) rather than fall victim to the "sunk cost" fallacy by staying in here and hoping for a turn-around in the share price.

 
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Last
2.4¢
Change
0.000(0.00%)
Mkt cap ! $9.491M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
3 204286 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 200000 1
View Market Depth
Last trade - 16.12pm 15/10/2024 (20 minute delay) ?
GML (ASX) Chart
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