GNM (ASX) SP

Originally posted by nondiscrypt ↑

lol @ "appear" to be slow. You don't know how it's a good or bad thing .... the good would be?

Anyway, that's a by the by, so I thought I'd have a look at the SP and just reflect on why I may have been over-enthusiastic in my expectations for the progression of this company and where I went wrong - tsk, tsk

Here's a graph of the past year.

For the sake of clarity, here are some numbers on what the SP was doing at that time:

20/09/16 - we'd signed a binding heads of agreement - trading at - .005
13/10/16 - Morabisi lithium expert engaged - trading at - .007
17/10/16 - Moribisi Lithium Project Update which was very interesting to re-read in the context of everything, cheers @gcdany - trading at .013.

Their suggestion that they intended to "promptly evaluate" did evoke this from me with the benefit of hindsight.

27/10/16 - Morabasi Field Work Commences - trading at .017
23/11/16 - Confirmation of Morabisi Licence Grant - trading at .038 ..... reaching a high of .044 on 24/11/17
30/11/16 - Morabisi Project Update - trading at .032
03/02/17 - Commencement Of Phase 1 Activities At Morabisi - trading at .025
** 15/02 - Successful OHD Cereal Crop Trials - trading at .039 **
03/03/17 - First Results From Reconnaissance Surface Sampling - trading at .038
07/03/17 - Morabisi Program Yielding Results - trading at .034
23/03/17 - Morabisi Program Update - trading at .029
30/03/17 - Lithium Discovery Confirmed At Morabisi - trading at .028
01/05/17 - Morabisi Project Update - Phase 1 Activities Completed - trading at .023
02/06/17 - Major REE Discovery At Robello - trading at .029
28/07/17 - Morabisi Phase II - Lithium Field Activities To Commence Aug - trading at .018
25/08/17 - Morabisi Mobilisation Commenced - trading at .014
29/08/17 - Morabisi Q&A - trading at .015
06/09/17 - Morabisi Q&A ammended - they should have got the auditors who missed the 100k typo to look over it first hey? - trading at .016
13/09/17 - Morabisi Field Photo Update - trading at .021
19/09/17 - Morabisi Project Update - trading at .016

** Of course, there were other OHD and SOP announcements interspersed amongst the Moribisi items above that should have influenced the SP positively; like the announcement I've highlighted above so if anything the SP has been 'propped' by our other projects.

@Davy Boy, you say "I do know if they hit commercial lithium then everyone will be singing their praises like nothing happened". But I can't help but wonder if the appointment of a lithium expert in Borg Geoscience on 13/10 and the announcement they released in the 17 October 2016 inferred that we quite possibly had and the SP at the time responded appropriately from .007 to .013.

Namely:

- District scale Lithium and Tantalum network identified
- Project size of 950,000 acres rival Pilbara Pilgangoora hotzone

And then we were cooking with gas once we got the Confirmation of Morabisi Licence Grant on the 23 November 2016, reaching a high of .044 the following day.

humorously, oops! they did it again

We did actually surpass this high in February 2017 when we reached a high of .045 on the 23/02/17 but to do this we were then offering buy one get one free deals.

We'll give you

03/02 - Commencement Of Phase 1 Activities At Morabisi

AND

15/02 - Successful OHD Cereal Crop Trials

_{do you want fries with that?}

But since 2/6 and Major REE Discovery At Robello the SP has really tanked ... I wonder if it's because shareholders are starting to wonder if the announcements are actually full of hyperbole?

Proof in point surely:

1 June 2017 - REE announcement - "an immediate follow up drilling program is currently being evaluated".

but it took them nearly 2 months to announce (28th July) that they'd finally decided on that immediate follow-up drilling program

With ..... you know what let's not go with our potential "alluvial REE, Tantalum and Niobium deposit" despite "a low cost-pit sampling program being able to to determine grade and tonnage estimates relatively easily". Let's revert back to Li this time around and maybe get to it "subject to the time and resource constraints"

FYI

So, are we being forewarned that we're going to run out of time on REE this time around? I don't give a flying fruit bat necessarily but it's the 'immediate follow up drilling programs" that never seem to eventuate that irk me.

Or the inferences that I foolishly made from this now year old statement

This little piggy's a**se to early identification of successful lithium projects

So, I reiterate @Davy Boy, where is the good in the slow?

And, @fooca, I agree that there will most likely be a positive announcement before the AGM ... synonyms for hyperbole are laying it on thick, magnification, and Public Relations lol

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To the point ND.... Crazy how the downraper brigade can come up with well documented and detailed facts from the horses mouth itself... But somehow its just labeled as downramping lol.

I m not upset about SP or anything, i just cant stand dubious and questionable people who are in position to take advantage of others as i explained previously.

For me to take my initial investment of table and leave the free carry was made few days after ninja boy sold, love the man, hate the man. Who cares, he was right on this one.
In pure speculation, i say SPECULATION.... i assumed, and as Borg and Ninja boy knew very well each other what could of been said during a glass of Scotch between them.