GDM great divide mining ltd

goldstream in mining news

  1. 5,851 Posts.
    lightbulb Created with Sketch. 711
    Thursday, November 29, 2007 Mining News

    Spotlights, please, for the battlers

    THE great majority of ASX announcements from the junior sector pass without being noticed. Time to – at least partly – redress this. The Outcrop by Robin Bromby.


    The annual report goes out in the post, many copies of which will be glanced at and then thrown in the paper recycling bin. The chairman stands up at the annual meeting and addresses the handful of shareholders who have bothered to turn up. The Australian Securities Exchange releases the latest exploration update which passes largely unnoticed unless it contains some extraordinary drilling result.

    Welcome to the thankless world of the junior explorer.

    There are far too many juniors and not nearly enough producers of substance, as this column has argued previously, but this should not detract from the efforts going on out there.

    Give credit where credit is due, as it were.
    So here, more or less chosen at random, is a sample of announcements that have come out in the past few days. See this as a small gesture of recognition for all the hard work that is happening in hundreds of companies out there.

    Earlier this week, chairman Johann Jacobs tried to rally the troops at the annual meeting of Goldstream Mining. The board was, he said, out to "build a mining house of significance".

    To that end, Goldstream is renaming itself IMX Resources – an acronym signifying investment, mining and exploration. The goals are to get its Cairn Hill magnetite operation producing as soon as possible and Jacobs also made it clear the company will resist shareholders' calls for its 39% interest in Uranex to be distributed to them: the uranium company could make a better contribution as part of IMX, he argued.

 
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
39.0¢
Change
0.000(0.00%)
Mkt cap ! $12.89M
Open High Low Value Volume
41.0¢ 42.0¢ 38.0¢ $17.97K 43.92K

Buyers (Bids)

No. Vol. Price($)
1 500 38.5¢
 

Sellers (Offers)

Price($) Vol. No.
41.0¢ 3978 1
View Market Depth
Last trade - 15.47pm 22/07/2025 (20 minute delay) ?
GDM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.