GNM great northern minerals limited
Add to My Watchlist 7.14% ! 1.3¢

Hi allI?m a newcomer to this stockDespite the positives of an...

  1. freddy222
    25 Posts.
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    02/02/11
    11:50
    Post #: 7828407
    Hi all

    I?m a newcomer to this stock
    Despite the positives of an excellent outlook for coking coal, and a good hedge against the current weather in Queensland, GNM seems quite highly geared to me.

    Does anyone have any thoughts / mitigants for this? And did its parent support / guarantee its latest refinanced A$175m debt facility?

    It parent (Gujarat NRE Coke Ltd) also seems highly geared, with march 2010 EBT of US$11.4m against debt of US$458.9m.
    Should the steel market pull back (considered unlikely) I?m thinking this group could be in trouble, or am I missing something....
    GNM Price at posting: 87.0¢ Sentiment: ST Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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Last
1.3¢ 		Change
-0.001(7.14%) 		Mkt cap ! $2.010M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $1.397K 100K

Buyers (Bids)

No. Vol. Price($)
2 112397 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 62299 2
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Last trade - 15.46pm 20/06/2025 (20 minute delay) ?
GNM (ASX) Chart
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