Not quite mate. No idea on CGB, but just because Shalom is a director at Mars doesn't equate to him personally owning 34%. The company does im which he is a single director.
You also need to look at the upside.
Downside is Li had been smashed in 2023, we didn't get drills in the ground and had the whole management change early on in the year. These all combined have driven the price down.
Upside:
We hold approx 1 mil coh, with a 10 million MC.
In the land itself, there is probably more value then 9 million, especially adding in the new REE land.
Li is being predicted as turning and getting back up in 2024 which helps all Li. Jist looks at everyone from LTR to PLS to upcoming LRS to CRR to us etc etc, all charts pretty mucj habe just shot down the last 6 months.
Price so low means if we *touchwood* get to drilling early-mid 2024 and actually hit something good, this could run quite easily to 3-5c. All depends ♂️
End of the day, this is the high risk high reward side of ASX miners. Love it or hate it, but it may jist be better then choosing red or black on a Friday night.
Not quite mate. No idea on CGB, but just because Shalom is a...
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Last
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Change
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Mkt cap ! $11.90M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $26.78K | 7.853M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 81467453 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 28082218 | 18 |
View Market Depth
| Last trade - 11.58am 24/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 8925958 | ||
| Last updated 15.53pm 24/05/2024 ? | |||||
| GMN (ASX) Chart |