Firering Strategic Minerals: From explorer to producer. Watch the video here.
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As I type missing RNS director buy 100,000 shares. Just wish I had some cash, but all invested! Oh well.
https://www.londonstockexchange.com/news-article/GMR/director-pdmr-shareholding/15357488
Morbox, please convince me on why you would put more money into gmr. I have only been invested under 6 months but the price has fallen more than 50pct and I was thinking of swallowing the loss. tks.
rugs,
Have another read of the trading update RNS’d on 26th Jan. Expanding all over Europe, US and Canada to come. Granted, growth may not be as quickly as some would like but medium/long term, IMO we’re only heading one way. I would also think that an offer will come in at some point and it will be substantially more than the current MCAP.
We’re not doing too bad in comparison to all the gaming stocks over the pond. They’re all on their ass.
I’d be thinking of adding, as I have, not selling.
ATB
Hi Rug’s I’m down 21% but as Pompal has said “growth”. We should get a better idea in the update week commencing 25th April. November we should know about California and Canada coming on line. I’m not averaging down here, I’m just going to ride it out.
Gaming Realms Plc
("Gaming Realms", the "Company" or the "Group")
Approval of iGaming Supplier License in Ontario
Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, is pleased to announce that its subsidiary, Alchemybet Limited, has been awarded an iGaming Supplier license to supply games within the Canadian province of Ontario ahead of the opening of the province's regulated iGaming market on 4 April 2022.
Gaming Realms' entry into the Canadian iGaming market marks a significant milestone for the Group, presenting a long-term growth opportunity as the Company focuses on providing its Slingo Originals game content to Ontario's licensed online casino operators.
With a population of 15 million, Ontario is larger than any State within the U.S. that is currently licensed for iGaming. It is reasonable to expect that revenues will be higher than New Jersey, Michigan or Pennsylvania, where the Company is currently supplying its Slingo Originals content.
The Company will launch its full games portfolio in Ontario and is now preparing for launch as the market opens.
With regard to current trading, whilst early in the year, 2022 has started well with revenues in excess of management's expectations, giving management confidence in the outlook.
Michael Buckley, Executive Chairman of Gaming Realms, commented: "Ontario should be a bigger market for Gaming Realms than any of the U.S States that have regulated so far, so we are very excited to have been awarded our supplier license in this territory.
"Our approval marks an important step in the Group's growth trajectory as we focus on expanding and strengthening our global presence and bringing our hugely popular and innovative Slingo content to new audiences."
Great RNS. Just wondering how the Directors were able pick up loads of these really cheap just before releasing this news. Surely they should have been in a closed period for share buying if they were sitting on this news.
Interesting to see how market reacts.
Pompal/Morbox
Thanks your comments. Much appreciated.
Alocasia today makes a good point, but am happy see a 10cpt rise in the price.
My thoughts as well Alocasia. Still, good to hear positive stuff in a sea of financial doom and gloom. Another record breaking revenue year due and a maiden profit to boot (hopefully)!
Rugs, didn’t expect RNS today after my comment yesterday “Canada coming on line”. Good to see, and as TT has just said “maiden profit”, that will be a game changer, expansion and profits that’s what you want, “growth”.
Morbox, am starting to feel pleased I hung around....
Glad to see you’re still here, would have been a bummer if you had sold yesterday! Anyway 7 weeks to update.
All the best
Glad to see the positive reaction I expected to the Ontario news and the revenues being in excess of management’s expectation.
Onwards and upwards!
Little piece from proactive investor
Peel Hunt gives Gaming Realms big upside after Ontario approval
Broker gives group 140% upside after iGaming approval for appealing Ontario population
Peel Hunt has rated Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) as a buy following the online gambling company's granting of a license in Ontario, which boosted the group’s share price.
The broker said Ontario’s long winter nights and large, relatively wealthy population boded well for the gambling market in the state in advance of the opening of the regulated iGaming market on 4 April.
Peel Hunt pointed out Gamin Realm had existing commercial partnerships with most of the expected key players in the province, with revenue accumulated so far in 2022 running ahead of management expectations.
“Ontario has a relatively wealthy adult population of c.12m and long winter nights, which makes it a promising online casino gaming market,” the broker said.
The group’s shares were up more than 16% this morning as it was granted an iGaming licence for the Canadian province.
Peel Hunt gave Gaming Realms a price target o 60p, 140% upside on yesterday’s closing price.
“Our approval marks an important step in the group's growth trajectory as we focus on expanding and strengthening our global presence and bringing our hugely popular and innovative Slingo content to new audiences," Michael Buckley, executive chairperson, said this morning following the approval announcement.
"Ontario should be a bigger market for Gaming Realms than any of the US states that have regulated so far, so we are very excited to have been awarded our supplier license in this territory."
Shares in Gaming Realms were up 16.99% to 28.43p by 11:39 GMT this morning.