Nice dose of reality here.
The rampers who were expecting up towards 7 figures were completely deluded. One only needed to have basic maths skills to have been able to see that the ore body dimensions could in no way support a resource of that size.
The market gradually caught on as drilling progressed and it became clearer what the actual resource size would be and dropped GMR´s market cap from over $100m down to its current level which looks about right given the need to raise funds.
A tip for the newbies. Learn how resource figures are calculated. Smart money knows how to calculate the JORC and for companies like GMR that report a lot of their drill holes they will have made their move well before the JORC actually comes out.
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Nice dose of reality here. The rampers who were expecting up...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.703M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $0 | 10 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3810488 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 71400 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3810488 | 0.011 |
2 | 3084133 | 0.010 |
5 | 898729 | 0.009 |
7 | 1225052 | 0.008 |
6 | 2583375 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 71400 | 1 |
0.014 | 145000 | 3 |
0.015 | 952629 | 3 |
0.019 | 400000 | 1 |
0.020 | 398000 | 1 |
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