Cash is a concern for sure, I saw the last quarterly they used $1M in exploration activities, but I'm pretty sure they haven't even touched the ground with a drill bit yet. Acquiring the new land in PNG and now this REE land, they might be stretching themselves very very thin.
Need to be careful that Mars doesnt end up buying GMN down the track for next to nothing after multiple CR's.
We need to focus a little bit more, especially how the company does not have massive cash reserves and resources on hand. Even if that ment sitting back and doing one or two holes to identify something while lithium prices are depressed. Then, once they pickup again, really go hard and try to identify something, just my 2c
Cash is a concern for sure, I saw the last quarterly they used...
Add GMN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $11.90M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $26.78K | 7.853M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 81467453 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 28082218 | 18 |
View Market Depth
| Last trade - 11.58am 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.4¢ |
Change
0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 8925958 | ||
| Last updated 15.53pm 24/05/2024 ? | |||||
| GMN (ASX) Chart |