Is this sleeper about to awaken?
Involvement in three QLD explorers (Red Fox, Auburn and Prophet) each with successful management history, prospective granted drill-ready tenements. Now QLD Govt funding announced for Red Fox drilling - i.e. supportive of quality company management and projects.
Deals are all based on success and increasing CML's equity - yes, CML spends money in the ground at risk, but no fleecing on the way in.
The new 100% CML applications in QLD and NT with respected geoscientist Neil Wilkins signing off as CP on the ASX announcements also indicates to me a new depth of technical knowledge within CML to assist Leon after Martin Kavanagh's death in Nov 2020 left a void.
Quebec seems to be waiting for a new home?
Torrington appears dependent on third party financing for the topaz fibre commercialization.
Personally at a market cap of around $6.5M and around $2.3M cash = enterprise value of about $4M, it will take very little to double or more in value on any positive drilling news and that seems to be possible before mid-year from several projects.
I am a long-term holder and remain a supporter.
Enjoy the weekend.
- Forums
- ASX - By Stock
- GCM
- Ann: RED FOX AWARDED TWO QLD GOVERNMENT GRANTS TO FUND DRILLING
Ann: RED FOX AWARDED TWO QLD GOVERNMENT GRANTS TO FUND DRILLING, page-2
-
- There are more pages in this discussion • 4 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 GCM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.937M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $20 | 9.814K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 20517247 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 5537258 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 20517247 | 0.002 |
26 | 32883055 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 5537258 | 7 |
0.004 | 19873731 | 12 |
0.005 | 9547981 | 7 |
0.006 | 853499 | 8 |
0.007 | 273098 | 2 |
Last trade - 10.04am 04/10/2024 (20 minute delay) ? |
Featured News
GCM (ASX) Chart |