I enjoy your posts, especially your cycle work/analysis; however I think you've got GMD wrong. The thread has been relatively quiet for 2 years and over that time (since $1/share) there have been a few non-holders, respected gold specialists on HC, who would post how overvalued it was, even at a buck. I hold GMD and VAU, and more recently RMS after the Spartan merger. I agree with @Greatone, VAU will do an RRL once the hedges are (almost) burnt off near the end of 2025. FWIW I watched a MoM interview with Matt Fist, geologist turned fund manager at Firetrail, and he sees GMD at $8 and outperforming peers by 50%. He likes Greatland Gold even more I think, which is ASX listing in late June, so I'm keeping an eye out for that as there may be equity raisings as part of the listing, Cheers.
VAU Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
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