I have enquired as to the recent selling by TPG from the company. They have informed me that the selling down by TPG is more due to the fact that they have changed thir fund parameters to include companies only with a min US$500m mkt cap. Based on this GBE is currently valued at 18Mill Mkt Cap therefore the funds new mandate would require them to sell out of positions with Juniors such as GBE. The selling by TPG appears to have very little to do with the quality and potential of GBE and all to do with internal changes relating to the size of the companies they invest in.
GBE Price at posting:
20.5¢ Sentiment: None Disclosure: Held
