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Interesting read below and why I am a long term...

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bushandbeach

78 Posts.

85

05/06/22

15:05

Post #: 61828286
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Originally posted by Rx-: ↑

Options were 2.5c + execution 7.5c (10c total), so technically these are at a loss. The directors have continued to put money in at every cap raise 5.5c, 13.5c, 10c+ options and unlike you an me it's actually very difficult for the directors to sell on market. Generally, a takeover is the only way the directors can get their money out. The GBM team are not in this for the short-term and this is demonstrated by their long-term strategy for the Drummond basin which has remained the main focus since Peter took over in 2019.

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Interesting read below and why I am a long term holder/accumulator of GBZ and happy with the progress they are making on building ounces and dealing with non core assets...Not sure what this means for AUD price, but Australia printed a lot of money in the last two years also, maybe not as much as the US.

https://mcusercontent.com/b268a38a165b03979d95268dd/files/a0ad2bce-11bb-9418-4d8a-16c9b8fd862d/June_2022_Monthly_Gold_Compass.pdf

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GBZ Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $11.56M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$8.2K	820K

Buyers (Bids)

No.	Vol.	Price($)
1	927323	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	701944	3

View Market Depth

No.	Vol.	Price($)
1	927323	0.010
6	1890464	0.009
6	1945797	0.008
3	550000	0.007
1	250000	0.006

Price($)	Vol.	No.
0.011	701944	3
0.012	1306448	5
0.013	1403307	3
0.014	1422469	5
0.015	51250	2

Last trade - 15.59pm 17/06/2024 (20 minute delay)

GBZ (ASX) Chart

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