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Will take that! I think most of us holders are down so much now...

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7smurfs

39 Posts.

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15/09/22

10:20

Post #: 63711162
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Originally posted by Maigret1: ↑

Nothing to do directly with GBZ, just an interesting comparison with some blue chip financings.

Two profitable German billion-dollar companies placed new corporate bonds this week:

Fresenius 20 billion A$ marketcap: interest rates 4% (old bonds had in average rates of approx. 1%)
SGL Carbon 1.2 billion A$ marketcap: interest rates 5-6%

Fresenius Medical Care places bonds with a volume of 750 million euros | Fresenius Medical Care SGL Carbon SE to issue approx. €100 million convertible bonds due 2027 and simultaneously launch a tender offer for its 3.0% convertible bonds due 2023 (ISIN: DE000A2G8VX7) | MarketScreener

The era of cheap money is over.

10.5% interest rate for a high-risk explorer burning money, with a later conversion of debt in shares with a 50% premium to SP when the deal was closed, doesn’t look so bad in comparison imo.

Yes, GBZs finance package came too late. But I’m pretty sure: A lot of our peers will struggle to find fresh money at all in the coming months.

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Will take that! I think most of us holders are down so much now that holding out and hoping for great drilling results and gold recovery down the line is the only option. Shame there is even more doubt that options will be converted from the previous raise at 75c

GBZ Price at posting: 4.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $10.41M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$6.048K	671.9K

Buyers (Bids)

No.	Vol.	Price($)
2	476738	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	667195	3

View Market Depth

No.	Vol.	Price($)
2	476738	0.009
6	1945797	0.008
3	544464	0.007
2	450000	0.006
2	270000	0.005

Price($)	Vol.	No.
0.010	667195	3
0.011	1120454	3
0.012	1056448	3
0.013	1444816	3
0.014	1422469	5

Last trade - 11.17am 26/06/2024 (20 minute delay)

GBZ (ASX) Chart