Very strong interest today due to:-
Major shareholder PAL has invested a further $1.2m overnight by taking an 8m placement @ 15c (in line with recent cap raising) to retain its similar percentage holding in GMR post the cap raising - a good sign IMO.
IMO also todays increase is in part to a well known tipster suggesting GMR as a potential "next big thing in West Africa" suggesting they may have found the next big gold deposit there.
As a result they could be on the verge of doing what other Aussie stocks active in the same country have done before them with SP increases of 864% and 1434%.
Further results are awaited - patience by holders and hard work by management is being rewarded.
Looks as though we are on the way !!
strong interest today
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Change
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Mkt cap ! $19.93M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 195500 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 20000 | 1 |
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