GMM general mining corporation limited

top buy for next week, page-5

  1. 1,418 Posts.
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    thanks for thumbs up guys but after some more nitpicking through company specifics i am happy to swallow my pride and admit that i could in fact have been a tad incorrect in my previous posting - just looking back at our last top 20 shareholder notices and as there has been no notices to the asx to claim a reduction in substantial shareholder notices, the squeeze for shares i was talking about could in fact be a lot tighter than i first thought-

    i guess, especially since our latest cap raising, a new top 20 shareholding notice would be good from the company but assuming that its still correct as we speak, the top 20 actually account for some 24,853,917 of the total 47,902,234 quoted securities on the asx- quote phenominal if you ask me just how tightly held this company is and how undervalued she seems at the moment at a tiny market cap of some $9.34 million as we speak with the blue sky potential above of her -

    note: thats like over 40% tightly held by the top twenty so good luck trying to get a seat at the party should gmm be able to meet their key objectives on upcoming drills -

    anyway, another point of significance which i would like to bring your attention to is the fact that on top of the figures I provided yesterday, there are another few coy's on our share registry with significant holding posing the question as to their reasons for holding GMM shares- if you ask me, Im very happy to hold a company which has some 16.21 % of quoted securities held by mining companies which ouldnt have made investemnts in this company had they not of done their relentless due dilligence prior to the investment- and at the end of the day, if you cant take an actual mining companies investement in another mining company as a very positive sign, whos can you -

    in conclusion the mining companies of significance ;

    galazxy resources- 5,000,000 shares held
    pegmont mines- 1,600,000 shares held
    sherwin iron (formerly batavia miing)- 2,500,000 shares

    the lot thickens for a nice leg up hopefully prior to drilling of shoemaker proespect happening in almost three weeks times - the question is will the shareprice get a double shot with another announcement in this time on the confirmation of a drilling contractor for our mongolian potash discovery with firm dates confirmed ? -
 
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Currently unlisted public company.

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