GML gateway mining limited

I can throw a thousand gaps at you that haven't been closed so...

  1. 1,508 Posts.
    lightbulb Created with Sketch. 839
    I can throw a thousand gaps at you that haven't been closed so basing an investment thesis on the disposition that all gaps must close is ridiculous.

    Not saying it can't/won't happen here but it is not uncommon for a explorers to leave breakaway gaps at the early stages of a discovery, and if the discovery is proven up, those gaps simply never get filled.

    Although the SOI is far from ideal, GML is a very old company and a large portion of the register is at least owned by long-term strategic holders/insiders.

    Unfortunately punters are going to have to pay a premium for the stock now as it has now been incrementally de-risked and will continue to be de-risked over the coming weeks/months.

    Drilling at Montague-Boulder just wrapped up on Monday, which means the final 4km of holes will have just been sent off to the labs. As for the previous ~4km of holes, you'd think they'd have been sent off at the beginning of the month which means next announcement could be 2 or so weeks off IMO.

    Are we likely to see a 50% retrace to close the gap at 2c when the next lot of results are so close, I doubt it. 5c target looking likely short term if results continue to impress..

    GLTH
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
2.9¢
Change
0.001(3.57%)
Mkt cap ! $11.85M
Open High Low Value Volume
2.8¢ 2.9¢ 2.8¢ $2.03K 71.88K

Buyers (Bids)

No. Vol. Price($)
1 61063 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 83300 1
View Market Depth
Last trade - 12.25pm 19/06/2025 (20 minute delay) ?
GML (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.