Australia's largest stock trading and investment forum Australia's #1 stock forum

GNM

Click for more information

0.00%

1.1¢ great northern minerals limited

Thanks for the insight and info. Doesn’t feel like we will see...

First 7 Last

Share
Profile

Follow
Wasabi193

1,526 Posts.

379

25/10/22

17:04

Post #: 64388474
Share

Originally posted by eastwest101: ↑

Certainly looks like a distressed/desperate "motivated" seller to me? The future will tell if this is a genius move, or if they have sold an asset right at the bottom of the cycle.....

I had a quick look at Great Eastern Gold, private at the moment, but its notable that it has retained Ian Hodkinson on the board and he sure has a lot of experience, they seem to parley themselves as a QLD and WA specialist low volume high grade selective miner/developer although perhaps more of a pre-IPO mine incubator/land-banker holding co might be another explanation. They have enough projects themselves already, so I think this is part of a longer term spin-out or transaction that may become apparent in the future. With the market sentiment towards gold miners at the moment I bet that they are private and aren't trading on the ASX.

At $250K who would say no though? If the price of gold jumps up they will be able to sell Big Rush for more than that.

Expand

Thanks for the insight and info. Doesn’t feel like we will see our SP moving north for a while at this rate, time to forget I hold or cut losses.

GNM Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
Upvote

1 Great analysis

Reply

Top Stories

PAM

PAM secures high-grade Chilean copper play in strong territory

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

There are more pages in this discussion • 2 more messages in this thread...

First 7 Last

Add GNM (ASX) to my watchlist

(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $1.700M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$550	50K

Buyers (Bids)

No.	Vol.	Price($)
2	2235468	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	15052	3

View Market Depth

No.	Vol.	Price($)
2	2235468	0.011
6	1720994	0.010
2	433330	0.009
6	1739995	0.008
2	229999	0.007

Price($)	Vol.	No.
0.012	15052	3
0.013	144435	1
0.014	200000	1
0.015	50000	1
0.016	166000	1

Last trade - 10.38am 29/07/2024 (20 minute delay)

GNM (ASX) Chart