My comments re GMD are to bring some reality to the conversation as it has a massively inflated share price/market cap without substance, and being a St Barbara shareholder I do not see any value for SBM shareholders in a merger with GMD as your star CEO keeps talking about in the WA papers, owned by a large GMD shareholder. SBM has a gold reserve of 10 or 12 mil oz and with it's share price currently beaten down, SBM shareholders would be unnecessarily diluted. SBM will recover.
The GMD investor presentation has little substance, relying on talk of the gaggle of former Saracen board members etc. If it had any real substance, you guys would have been talking about it in glowing terms, but there is very little commentary.
Yes the market will eventually work out the true value of GMD, however for the moment the shares in GMD are very tightly held. I do believe GMD is way over valued for what it currently has to offer.
My comments re GMD are to bring some reality to the conversation...
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Last
$2.04 |
Change
0.020(0.99%) |
Mkt cap ! $2.302B | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.05 | $1.98 | $5.543M | 2.738M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14000 | $2.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 18808 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| GMD (ASX) Chart |