GNM 4.17% 1.2¢ great northern minerals limited

coal bed methane listing slaughtered today

  1. 54,098 Posts.
    lightbulb Created with Sketch. 109
    Looks oversold and I'll stay under.

    Top 20 holds 77% - with Planet Gas a large shareholder.

    Dropped 55%.

    Undiluted market cap of $3.6m and holds $5.3m cash. Their are 27m shares in escrow. Diluted we are looking at $6m. Looks good.

    Sydney - Wednesday - March 5: (RWE Australian Business News) -
    Greenpower Energy Ltd (ASX:GPP) joined the sharemarket lists for the
    first time today, and the 20c shares opened at 19.5c and fell to 10c.
    In two hours and 30 minutes 110,000 shares were traded.
    Initially incorporated as Gunnedah Colliery Company Ltd in 1899,
    Greenpower Energy is now an explorer and developer of coal seam natural
    gas (also known as coal bed methane) with rights to areas in aggregate
    exceeding 2m hectares of potential CSG tenements across Australia.
    In 2006 the company entered contracts for the purchase of two
    hydrocarbon exploration permits, both in the Perth Basin.
    In 2007, it entered a contract with Planet Gas Ltd (ASX:PGS) to
    acquire companies holding eight exploration licences for CSG in
    Victoria, seven of which are located in the Gippsland Basin and one in
    the Otway Basin.
    Also, Greenpower has contracted with Planet Gas to acquire a
    share in one exploration licence located in the Gunnedah Basin in NSW,
    the direct purchase of two tenements in the Otway Basin and the
    acquisition of two further tenements in the Eromanga and Willochra
    basins in South Australia.
    The company is now set to start exploration of these properties
    for commercial CSG.
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Mkt cap ! $4.163M
Open High Low Value Volume
1.2¢ 1.2¢ 1.1¢ $9.667K 808.8K

Buyers (Bids)

No. Vol. Price($)
5 4220909 1.1¢

Sellers (Offers)

Price($) Vol. No.
1.2¢ 1932230 4
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Last trade - 10.18am 13/12/2019 (20 minute delay) ?
-0.001 ( 4.00 %)
Open High Low Volume
1.2¢ 1.2¢ 1.2¢ 421112
Last updated 10.18am 13/12/2019 (live) ?
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