I have been in and out of GMD a couple of times, currently not holding but watching it closely.
My 2 cents worth....
ALK has allowed its % of CAI to slip but has been tenacious about GMD. Just on a follow the money theme it favours the speculation that ALK might be more interested in GMD.
The alternative idea about CAI... you would have to ask, why would CAI be a willing seller? At their current stage of development they could rightly demand a high premium.
The tone of the announcements coming out of GMD indicates the management thinks both a sale and in-house development are viable. To my eyes, ALK is playing it both ways.... if their Boda exploration starts delivering indisputable commercial intercepts the SP rise will give them ample financial capacity, but, if not they have secured a commanding position to realise a good return in the event of a sale.
Ann: Results of Meeting, page-9
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Last
$2.32 |
Change
-0.020(0.85%) |
Mkt cap ! $2.618B | |||
| Open | High | Low | Value | Volume |
| $2.34 | $2.36 | $2.30 | $6.411M | 2.755M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29058 | $2.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 33373 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| GMD (ASX) Chart |