GBZ 0.00% 0.9¢ gbm resources limited

Ann: Binding $12 Million Sale and Farm-in Agreement on Twin Hills, page-16

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    Thankfully a post with a sense of realism. I think the shares on issue have increased by a factor of around 4x (since 2020) and the company's equity is changing hands at sub 1c (in 2020 it peaked at 20c). Shareholders have been decimated through massive dilution, an almost total wipeout on the pricing of its equity and has had to sell a good wack of its assets at fire sale prices. Still possibilities here as you say but Rohner has to go- surely. There are only a very small number of mining companies I've seen with worse capital management in the last 4 years. I'd hope Collins Street would pressure him to exit in the hope of salvaging something going forward.
 
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