GNM 0.00% 1.6¢ great northern minerals limited

RexFor goodness sake please dont quote anything posted by me or...

  1. 12,454 Posts.
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    Rex

    For goodness sake please dont quote anything posted by me or anyone back in february. We are living in a new world!!!!

    Nevertheless, back in February stocks everywhere were plummeting, whil GNM went from $130 in Feb to $1.90 in July ... not bad in a crappy market, and yes I was excited at times about its ability to buck the trend..

    After that the trend clearly changed & vitually all stocks crashed, GNM included, especially with coal prices deteriorating.

    I had very tight stops in place across my portfolio, & exited many positions, including GNM, MAK, BAU, & my BMN traders after July 1.

    However I have bought back some GNM in the 20's & consider this a good buy. However that will also depend on their ability to keep increasing production as forcast.

    Its a totally new market mate ... not really a time for "bottom drawer" investment tactics, but at 25 cents average for GNM, I feel pretty safe & am happy to hold for the next 12 months

    As for BMN I bought quite a few hundred thou in the 20's & 30's and have made great money on their climb back. Not back into BAU yet, but watching carefully ... some recent good announcements but the market still not to good, so I will wait & see.

    cheers
 
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Last
1.6¢
Change
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Mkt cap ! $2.474M
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Buyers (Bids)

No. Vol. Price($)
3 311391 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 583569 3
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Last trade - 16.12pm 13/09/2024 (20 minute delay) ?
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