I think it is completely illogical to disregard GRM if you believe in RWD.
I think it is too early to guess how big Lake Mackay could be because we haven't seen the full AEM data for that groundwater system. But I agree RWD holders were excited at the time so it's foolish to now discredit the resource.
I am mindful of the fact that RWD used an ex CDNTS staffer to negotiate on behalf of RWD to no avail but I am also mindful that MR wasn't keen on spending money 5-6 years ago. The announcement todays demonstrates that GRM are getting things done.
I wouldn't be surprised if GRM are looking for more cash before RWD. I think they are going to be a lot more dependent of third parties but the flip side is things may move quicker. Nevertheless dilution might ramp up pretty quickly compared to what has happened at RWD.
I think there is plenty of upside to GRM but I think RWD could also be a Disallowed from here on.
I am currently about 10:1, RWD:GRM, I picked up a lot of RWD at the 20 cents rights issue.
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Last
6.3¢ |
Change
-0.001(1.56%) |
Mkt cap ! $24.05M |
Open | High | Low | Value | Volume |
6.3¢ | 6.3¢ | 6.3¢ | $3.891K | 61.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 34263 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 73326 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 34263 | 0.063 |
1 | 30583 | 0.062 |
2 | 230000 | 0.061 |
5 | 545000 | 0.060 |
1 | 200000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 73326 | 2 |
0.080 | 71333 | 1 |
0.090 | 11561 | 2 |
0.100 | 247106 | 4 |
0.125 | 100000 | 1 |
Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
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