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I find this take interesting. The company was 10c and a much...

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Palchum

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15/07/24

11:44

Post #: 74755810
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Originally posted by T2CupAndHandle: ↑

I wouldn't say this is a $12m sale.. it's $6m cash for 70% (valuing Twin Hills at $8.6m). The other $6m is drilling to be spent by the buyer which as we know in this market for gold explorers may not add any value at all to Twin Hills (unless they hit some serious step out within a handful of holes).

So they sold WD for $3m, Twin Hills for $6m = $9m. They have already given Glen Eva to Newmont, so only Yandan & Mt Morgan remains? Not sure there's enough there to justify a $12m market cap + con notes less $9m cash from sales.

Interested in other thoughts. I held GBZ before they bought Twin Hills and it really was the company maker. Newcrest had first right of refusal over it as well. Can't say I am impressed with the sale price at cyclical lows for gold explorers.

Good luck holders.

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I find this take interesting.

The company was 10c and a much higher market cap than current before the twin hills acquisition.

They are now basically back in the pre TH acquisition position with a free carried 30% for TH, the note gone, white dam sold and newcrest drilling the Drummond in volumes and dollars GBZ likely wouldn't have been able to do.

GBZ Price at posting: 1.0¢ 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¢	$540	60.00K

Buyers (Bids)

No.	Vol.	Price($)
7	2438775	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	3169082	4

View Market Depth

No.	Vol.	Price($)
7	2438775	0.008
7	4781552	0.007
2	750000	0.006
2	3300000	0.005
1	500000	0.004

Price($)	Vol.	No.
0.009	3169082	4
0.010	1716438	2
0.011	800000	2
0.012	750000	2
0.013	2181265	4

Last trade - 10.04am 01/11/2024 (20 minute delay)

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