Jamber,
I'm assuming that GMG will subscribe as a major stakeholder in IIF. I have bought GMG today since I consider this is a bargain in the long term. I also hold IIF which I believe together are a good complementing match. 70c is just a joke, I paid 72c actually and probably will be holding them for long (I'm not anticipating a major fall, probably it can go down to 65c) IMO management has proven to be responsible and reliable. They have good cash reserves but IMO market is factoring IIF capital raising expenditures and that is generating this opp.
Cheers
Jamber,I'm assuming that GMG will subscribe as a major...
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Last
$34.48 |
Change
-0.300(0.86%) |
Mkt cap ! $65.48B | |||
| Open | High | Low | Value | Volume |
| $34.30 | $34.52 | $33.75 | $121.3M | 3.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18862 | $34.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.51 | 2186 | 3 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| GMG (ASX) Chart |