I would not expect GMNOA to soon move in line with what the heads did today, from 1.0 to 1.3 closing at 1.2 - given these Oppies expire in only 3 months - on 16Feb23 - with 4.0c to pay. i.e. to be "in the market" with them the heads will need to rise to at least 4.2 just to break even.(GMNOA currently 0.2c seller.)
The company's ANN - on 26Oct22 says : "Rock chip samples collected during this program will be submitted to laboratories in Australia and Brazil for analysis with initial results expected within a month of submission • A more detailed report on the due diligence field work will be announced once the geologists have returned from Brazil".
So the question IMO, is how long will it take for the company to submit their samples? - and will the assayers in Oz be having a few weeks' break over Xmas? If I was just having a punt now, I'd be more inclined to do so on GMNOB at 0.6c, due their 13-month longer expiry on 25Mar24. BTW I neither Hold, nor have Sentiment for both these Oppies. Time will tell when that mood changes.
