GNM great northern minerals limited

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

  1. 12,488 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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(20min delay)
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
View Market Depth
Last trade - 15.46pm 20/06/2025 (20 minute delay) ?
GNM (ASX) Chart
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