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GMD, GENESIS MINERALS LIMITED
nipper
post Posted: Yesterday, 11:35 AM
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In Reply To: mullokintyre's post @ Jun 11 2021, 04:56 PM


Raised $10million in a placement in April, with SPP, which closed early and was heavily over subscribed, pulling in another $1M. Alkane (ALK) was a participant in the placement and has lifted its holding to 19.84%.
Genesis controls an area of more than 650km2 of the Ulysses-Orient Well shear corridor, in the Leonora Laverton gold district.
Ulysses Mineral Resource increased to 27Mt at 1.8g/t Au for 1.6Moz .
Feasibility Study on track for Q2 2021
Drilling underway targeting next leg of growth






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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jun 11 2021, 04:56 PM
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ALK has appeared as a 20% (and increasing) shareholder on the register of GMD.
A takeover offer in the wings?
Mick



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ShareScene.com
post Posted: Jul 17 2007, 10:58 AM
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Created by request:
GENESIS MINERALS LIMITED (GMD)

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