GBZ 0.00% 0.9¢ gbm resources limited

Ann: Appendix 3B - Share Placement , page-2

  1. 7,206 Posts.
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    good news to see these go through at 8c, thought perhaps with the current market that management may have found it tough to finalise.

    so, institutional investors still prepared to buy at 8c, yet as per the last few months, there is someone willing to sell a small parcel close to the end of day to force SP lower.

    have continued to buy in the past 2 days and if these ridiculous prices continue so will my buying.

    SWI shares 1.4c per share value
    cash on hand at the end of the June quarter will be roughly
    .8c per share value

    so currently Milo with a scoping study due in just over 1 month, a study management were confident enough to carry out, along with a joint venture with 2 major Japanese copper players and numerous other exciting targets is valued at 4.7 cps or a market capitalisation of a whole $11 million.

    while the market is average at the moment, imho GBZ is value plus!!
 
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