A couple of years ago management indicated to me they are interested in taking GML to production
If you truly believe that then I have a bridge to sell you. I have been in no end of gold companies that agreed to takeovers at only 20 to 30% VWAP premium to a very low share price, despite claiming for years they were going for production. BDC is the latest example, and they had over 3 million ounces in resource and a much lower EV per ounce than GML. In fact, even with the latest (weak) increase in resource, GML is still expensive on an EV per ounce basis. I think escalol12 is correct regarding a takeover rather than production. This mob quietly moved on to better pastures a year ago; that was the time to sell.
GML Price at posting:
1.4¢ Sentiment: Sell Disclosure: Held
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