GBZ 16.7% 1.0¢ gbm resources limited

Ann: Entitlement Offer - Dispatch of Offer Documents, page-11

  1. 551 Posts.
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    The fact that directors chipped in with 462k from their own money and people close to CSM also bought in gave me enough confidence to apply for a small parcel. After the allocation, i can push down my avg price to 2.5c, which i think is still a fairly attractive price point from a valuation perspective (c.a. 18m market cap on 2.5c).

    From time to time, I check GBZ's latest drill hits and JORC resource just to make sure i haven't lost my mind when I am thinking about investing more money into this company. After I check the drill hits again and again, I still believe it's a very lucrative project and you don't usually find 900k oz open pittable low strip ratio resource on 1.1g/t headgrade. Twin Hills is still a beast in my eyes. I am stunned how this is not at least a 50m market cap company, but hopefully we will have an entirely different conversation at the end of 2024. Good luck everyone!
    Last edited by csadeev: 16/01/24
 
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