GBZ Charts &T/A, page-53

Hi mate,

Thanks for the tag, pretty flat chat at the moment, but here's the charts. Have flagged similar situations in pink. In short looks like a good top up or entry point on daily.




longer term doesn't look that favourable.



Needs to hold the red trend otherwise back to the 9-11c range.

Perhaps market factoring or assuming a CR - they will need one but not immediately or even soon IMHO. Drill results over next 6 months to prime us up nicely. Should be raising at closer to 20c. From what i've heard they've got lots of offers to raise capital but are straight batting them because not the right price.

Discounted cap raises make up 95% of the raises on the ASX - The most you can hope for is it's positioned to those who will hold/buy some more once positioned and not brokers looking for the 10-15% scalp.

Irrespectively, i'm a 1-3Y type of outlook and gbz is a 150-300m MC company in that timeframe so it's water under the bridge in the short term.

SF2TH