GNM great northern minerals limited
Add to My Watchlist 3.66% ! 8.5¢

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
8.5¢ 		Change
0.003(3.66%) 		Mkt cap ! $13.76M
Open High Low Value Volume
7.8¢ 9.2¢ 7.6¢ $1.445M 17.10M

Buyers (Bids)

No. Vol. Price($)
3 26943 8.4¢
 

Sellers (Offers)

Price($) Vol. No.
8.5¢ 11090 1
View Market Depth
Last trade - 11.23am 26/08/2025 (20 minute delay) ?
GNM (ASX) Chart
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