I know RF deserves a premium, but.... at what point does the premium not make sense?
E/V of $1.1b for a company that will initially only be producing 150k p.a at high costs (Gwalia is very high cost!).
DCNs mill will be fed from Tower Hill... in potentially 2-3 years time. So GMD will not be a 300k p.a producer until perhaps 2026.
All the while, a large amount of capex will need to be spend developing GMD U/G (which.... they still don't have a reserve on), and Tower Hill.
I struggle to see the upside to GMD over the next 2 years, but of.... the market must view things differently?
They are undoubtedly going about it the right way, but.... it is going to take a lot of time and money to turn things around.
Yet GMD is already trading higher than most of its peers for the same production profile.
Good luck to holders, but I think the biggest returns have already been made on GMD in the near term (obviously not a popular view on these threads!).
- Forums
- ASX - By Stock
- GMD
- Ann: On track - Corporate Presentation
Ann: On track - Corporate Presentation, page-2
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GMD (ASX) to my watchlist
|
|||||
Last
$2.17 |
Change
0.000(0.00%) |
Mkt cap ! $2.434B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 367 | $2.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.05 | 792 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 367 | 2.340 |
1 | 965 | 2.270 |
1 | 3885 | 2.230 |
1 | 457 | 2.190 |
2 | 11702 | 2.170 |
Price($) | Vol. | No. |
---|---|---|
2.050 | 792 | 1 |
2.090 | 70 | 1 |
2.110 | 5251 | 2 |
2.130 | 8702 | 2 |
2.150 | 10331 | 2 |
Last trade - 09.44am 25/07/2024 (20 minute delay) ? |
Featured News
GMD (ASX) Chart |
Day chart unavailable
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, CEO
Paul Long
CEO
Previous Video
Next Video
SPONSORED BY The Market Online