GMN gold mountain limited

GMN General discussion, page-1299

  1. 2,245 Posts.
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    Well said@Jaytee1 &@Minion32 - and others who recognise that current management seem to be as focussed on what they themselves can bleed from the available cash on hand (ie: DE on $530k/pa) as opposed to 'proper' exploration.
    Nothing but 'Auger Drilling' which is really no more than 2m down (including top-soil) and Water Sampling to produce multiple ASX announcements which imo, are designed towards the 'confidence-factor' and 'hopium'.

    Yesterday's and this morning's trades could well be tax-selling, considering this time last year the s/p was holding around 0.003, though it might also be the Mars Mines cronies getting rid of even more of their 'gifted' shares.
    No doubt a 'change in substantial shareholder' ann will be forthcoming if that's the case.

    Between 3rd & 9th January this year, David Evans disposed of holdings (both 'directly' and 'indirectly' held) on his and Mars Mines behalf - total 1.1 BILLION SHARES

    That left around 335M Ordinary shares (direct+indirect) as well as 63.5M Options - see that Jan ann.
    (Some of those Oppies are actually priced at $0.0055)

    So DE&Co. had $335k -worth of Ords in Jan.
    Last few days now to get rid of those, dust his hands off, and move on to the next planned 'operation' imo.

    They (Jose & Co) would need to be careful about getting rid of DE - scrutinise his contract to ensure he wouldn't be entitled to a 'golden goodbye' cash lump sum.

    S.Feldman did that for his Mum - over $300k with no advance public notice of her 'retiring' - but that's another story entirely.


 
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(20min delay)
Last
0.2¢
Change
0.001(100%)
Mkt cap ! $11.23M
Open High Low Value Volume
0.1¢ 0.2¢ 0.1¢ $19.41K 19.26M

Buyers (Bids)

No. Vol. Price($)
5 6487052 0.1¢
 

Sellers (Offers)

Price($) Vol. No.
0.2¢ 96007947 63
View Market Depth
Last trade - 15.38pm 27/06/2025 (20 minute delay) ?
GMN (ASX) Chart
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