My latest view:
- I have sold all my position due to Scenario 1.
- There has to be significant news on discovery for Gold for me to re-enter.
- I believe, the initial target could have been refined with better AI technology, aerial survey, in ground handgun lithium detection before drilling the holes.
- GSM methodology on selecting the drilling hole was poor given the less than 0.05% Lithium.
- I haven't seen GSM Management presentation in any Mining conference.
- I am out because of Lithium story end, I will wait and see their Gold story, it has to be significant Gold discovery for me to re-enter.
My Previous Prediction/ forecast :
I see 3 scenario by 31 October 2023
Scenario 1 - Low/ No Lithium
50% down to 2 cents, Market Cap = $ 3.5 Million
Scenario 2 - Medium Grade Lithium similar to WC8
8-9x up to 32-40 cents, Market Cap = $64 Million
Scenario 3 - High Grade similar to AZS
20x up to 80 cents, Market Cap = $$150 Million
*** For Base Reference Purpose ONLY ***
Market Cap of AZS = $1.10 Billion
Market Cap of WC8 = $475 Million
My latest view:I have sold all my position due to Scenario 1....
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $3.073M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $472 | 40.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1465070 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 24052 | 1 |
View Market Depth
| Last trade - 10.06am 15/05/2024 (20 minute delay) ? |
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Last
1.1¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.2¢ | 1.2¢ | 1.1¢ | 108952 | ||
| Last updated 10.22am 15/05/2024 ? | |||||
| GSM (ASX) Chart |