GBE 0.00% 5.4¢ globe metals & mining limited

General Chat and Comment GBE, page-510

  1. 2,977 Posts.
    lightbulb Created with Sketch. 3578


    @Cumminswannabe low liquidity = inefficient markets = mispriced share price

    This is seen in the 32m market cap GBE has against a progressed project, with funding nearly secured, offtakes due in august and many more positive developments that should give GBE at least 25-50% of the project NPV

    The NPV of the asset is US 1b

    So 25% value accrediation is at least 250m US or 350m aud, 10x from today.

    Yes the share price doesnt reflect this, but when the market is forced to price in concrete developments like funding and offtake, then there isnt enough free float for participants to take a position, this results in over priced share prices.

    So low liquidity is a two sided sword.

    GBE in turn will do a share issue at a premium thereby increasing float and closing out the remaining funding requirements

    as you can see, those on the positive spectrum can argue with logic and fact.

    Your posts however are full of illogical arguments, so much so that i'd prefer we stop our interaction with this post.

    Its sad as I can see you are a holder - here's a tip - Sell and move onto these other stocks you speak of?


    Last edited by sf120: Yesterday, 16:32
 
watchlist Created with Sketch. Add GBE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.