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GIB

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4.1¢ gibb river diamonds limited

GIB - Diamond in the rough, page-321

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Koala1959

1,649 Posts.

1293

02/02/23

11:05

Post #: 66026173
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Originally posted by Montysaves: ↑

STK's IPO of ERAHEEDY (NEWCO) will provide some guide as to value of GIB's 20% free carried interest to BFS of these potentially valuable tenements.

There are sure to be some robust discussions by GIB on ERAHEEDY, including future programs (funding with new Board, management & investors) & potential asset ownership structure noting GIB 20% interest & its JVA with STK.

Where does that take GIB ... what will this look like:

1. remain direct via 20% interest or
2. indirect via equity in NEWCO.

Time will tell ... but ERAHEEDY will move forward & GIB will be able to evidence intrinsic and potential value.

On BDM, the level of disclosure to its shareholders is minimal and GIB's update is noted ... clarity March 23.

PHOSPHATE is what I would like to see a meaningful update on ... lots of talk and hopefully some material action soon.

GIB is like a lolly-shop ... gold, diamonds, copper, lead zinc, rare earths and lithium ... plus phosphate ... we need some clear direction in 2023 and in turn uplift in value (IMHO minimum fair value is 12 cents with a strong upside) will come.

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For me Phosphate is the lowest cost least risky path to generating revenue - google Phospate supply and you will see a raft of prediction re prices and looming supply shortages.

As a couple of posters have commented GIB needs some focus and I could not agree more.

GIB Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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