My estimate is a little more conservative than that but it is still a big number. We will never know for sure. One thing is sure 62.15m GMD shares are worth $280.3m in todays VWAP of $4.51 That is a bloody big number. Anyway lets focus away from our unfortunate GMD counterparty.
Clearly GMD and EVN showing divergence today. It is encouraging to see that these two are marching to the beat of their own fundamentals and not the tune of the gold price. Gold price down Yet these two goldminers (and others but not all) are up. Historically commodity bull runs should really be that way though. Miners should always lead the charge over the commodity.
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That is a bloody big number.
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