... Yes it sounds like GBM at 12 million, except I make GBM's market cap as being under $8 million. Unbelievable! This means that growth is mainly a matter of time.
Looking at Goldnerds.com.au, there are many goldco's in this position, with good resource, close to or in production, so its really a matter of trying to pick those few with the best future, which will be those which are currently most undervalued on fundamentals, but which also have the most capable change management.
So, I think that cash, management, and their ability to communicate effectively with the market will be the difference between the "winners" and the "big winners".
I am sure that GBM has outstanding strengths in geology, location, local expertise, a working mine, a working plant, Jorc resource and strong potential to increase the resource, across nine tenements .... Strengths that would enable it to outperform every other company (in my well studied, but now biased conclusion).
BUT as a result of "smoke signals" on this and other sites, the company's performance to date, and the recent releases, I now have strong concern that, regardless of strengths GBM is a maybe to weak in the management, and certainly in its communications ability to outperform the herd.
I'd think, if this is to realised its potential, which I still see as 50 cents to $ 1.00, then these weaknesses must be fixed, and quickly ...
If anyone agrees, then write a friendly letter to the company eh?
Obviously readers of this thread have GBM in their portfolio - but lets be honest ... Are these reall well converted to GBM, - but let's be honests
GBM Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
