GNM great northern minerals limited

Just my opinion again but remember this.They have about $2.8mio...

  1. 1,661 Posts.
    lightbulb Created with Sketch. 512
    Just my opinion again but remember this.

    They have about $2.8mio funds for drilling, plus if all the GNMOFs call options were exercised at 1c they would get another $2.38mio for drilling.

    Finally, if the GNMOB options as well were all exercised at the 2.2c strike price that's another $9.38mio for drilling (assuming at some stage the share price is above 2.2c so the call options are in the money).

    So, it appears to me their objective for the upcoming Camel Creek drilling which is proposed to commence towards the end of this month (assuming no rains or COVID shutdown risks) is the assay drill results from the lab come back like the second last lot in that hinge zone with excellent grades to get the share price up above 2.2c and to stay up above 2.2c.

    Also, don't forget the directors all put their hands in their pockets to buy shares at various times in the past year (refer ASX notices), Simon Peters at 1.7c , Kim Robinson at 1.3c, Cameron McClean 1.6c and all 4 of them bought late last year putting about 1/2mio of their own money at 1.9c (so the Directors are all under water at the current share price) to show confidence that they have 'skin' in this drilling campaign.

    So do your own research and make up your own mind if this coming drilling campaign is worth investing. .
    Last edited by ronme: 17/07/21
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
1.3¢
Change
-0.001(7.14%)
Mkt cap ! $2.010M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $1.397K 100K

Buyers (Bids)

No. Vol. Price($)
2 112397 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 62299 2
View Market Depth
Last trade - 15.46pm 20/06/2025 (20 minute delay) ?
GNM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.