G6M 1.89% 2.6¢ group 6 metals limited

Spot on - there's a few people here who have been holding a fair...

  1. 71 Posts.
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    Spot on - there's a few people here who have been holding a fair while. First got onto the radar around mid 2018 so this price action has been a long time coming. For those who are new it's what we've been waiting for:

    Key milestone 1: Financing
    Funds required (I can't remember exactly) $70m

    To get this rolling they needed security for investors through contracts/agreements with two major buyers who have agreed to purchase up to 70% of the yield.

    Tassie government has now jumped in and offered up the initial $10m.

    Next milestone: Secure the rest of funding, then the mine can start to operate/supply.

    Overlay the global need for strategic metals not provided by China and this is a pretty good investment even for those coming in a bit later. I have topped up again at 22c.
    Last edited by SeanBear07: 05/02/21
 
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Last
2.6¢
Change
-0.001(1.89%)
Mkt cap ! $26.10M
Open High Low Value Volume
2.8¢ 2.8¢ 2.6¢ $3.918K 146.8K

Buyers (Bids)

No. Vol. Price($)
1 70808 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 146881 2
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Last trade - 10.08am 19/06/2024 (20 minute delay) ?
G6M (ASX) Chart
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