GBZ 0.00% 0.9¢ gbm resources limited

Our cash position is poor.WD is a liability that costs us money....

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    Our cash position is poor.WD is a liability that costs us money. We have Con notes costing interest and require payment. All very good reasons for a substantial decrease in share price. Fortunately, we have started to make progress with WD sale. We are cashing in non-core assets and stock/copper concentrate. Come the end of the year, we should have a reasonable cash position and a clean balance sheet. With Jv partner drilling in the background, I think we start to see positive movement. i dont see us going any lower than the current position; I'm averaging in as we speak.
 
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