G6M

0.00%

2.8¢ group 6 metals limited

Subsequent to the end of the Dec 2022 quarter and following the...

First 15 Last

Share
Profile

Follow
plonka

934 Posts.

217

03/05/23

23:31

Post #: 67595762
Share

Originally posted by Fiddlesticks: ↑

Hi Michael, I think most are aware. Ever since that post about “holding back the waters of Bass Strait,” it was pretty clear what the agenda was.

I’m not saying that there hasn’t been some insightful food for thought; but if you don’t hold a stock, and you invest a huge amount of time doing due diligence, just to continually trash talk the company; there has to be motive. If my research showed that a particular company wasn’t worth investing in, I would simply put time and effort into looking for another company that I did want to put money into. I wouldn’t try to convince everyone who did invest in the company, that they made a bad decision. It’s a terrible waste of time for no net gain, and we know how these commentators like a balance sheet.

So yeah, we can see why they are here trying to downramp, while plugging their own interests on the side.

As to the nuts and bolts of the CR… I can’t see why, if you were running lower on cash, you would increase spending on things like the current investigator drill program. If successful, it may substantially increase our resource, which looks attractive (it would still need considerable extra drilling to sure up, a feasibility study to mine etc to be counted as actual resource) but it doesn’t help with the current objectives of getting the mine producing, and providing value to shareholders (which the company directors and executives represent the vast majority of). I’d say the company is doing this because all their ducks are already lined up.

of interesting note; on the 23/1/23 Jacobs, Ellis and McKnight all bought more shares ($320,000 worth) with Ellis buying $240,000 worth… you think this credit raise was unforeseen three months ago? You wouldn’t spend that kind of money simply to dilute it. The directors pouring cash into this is a good sign that things are taking off.

DYOR

Expand

Subsequent to the end of the Dec 2022 quarter and following the Extraordinary General Meeting held on 17 January 2023, the entity received a further $2.58m from Directors’ participation in the Placement which included $2.5m from Director Chris Ellis.

Subsequent to the end of the March 2023 quarter, three of the major Shareholders of the Company
have provided $3.0 million in unsecured loans.

G6M Price at posting: 17.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

SVL

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Emerald & Azure score Digger & Dealer awards

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Bitcoin: Current State of Play & Where to Next | Swyftx

There are more pages in this discussion • 35 more messages in this thread...

First 15 Last

Add G6M (ASX) to my watchlist

(20min delay)
Last 2.8¢		Change 0.000(0.00%)		Mkt cap ! $28.11M

Open	High	Low	Value	Volume
2.8¢	2.8¢	2.8¢	$1.377K	49.17K

Buyers (Bids)

No.	Vol.	Price($)
2	54282	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	421602	5

View Market Depth

No.	Vol.	Price($)
2	54282	0.028
2	40000	0.027
2	538461	0.026
7	476510	0.025
2	90780	0.024

Price($)	Vol.	No.
0.030	421602	5
0.033	20000	1
0.034	28570	1
0.035	100275	1
0.036	85000	2

Last trade - 13.23pm 16/08/2024 (20 minute delay)

G6M (ASX) Chart

Subsequent to the end of the Dec 2022 quarter and following the...

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Emerald & Azure score Digger & Dealer awards

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Bitcoin: Current State of Play & Where to Next | Swyftx

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Subsequent to the end of the Dec 2022 quarter and following the...

Top Stories

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Emerald & Azure score Digger & Dealer awards

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Bitcoin: Current State of Play & Where to Next | Swyftx

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News