GMD 0.00% $2.15 genesis minerals limited

M & A Target, page-11

  1. 624 Posts.
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    Hard to justify the capital allocation of building a processing plant when there are other processing plants in the vicinity operating under name plate capacity, I'm betting this will get taken out by a neighboring producer once the PFS is released and it becomes easier to do a more accurate valuation of the resource.
    Its looking good though IMO, management are quite achievers, the drilling at Orient Well alone will support a resources upgrade.
    Its possibly some of the participants from the last cap raise that are selling, given they appear to be reluctant to sell below 3.2.


 
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