GBZ 0.00% 0.8¢ gbm resources limited

Ann: Impressive Twin Hills Intercept Confirms Scale and Potential, page-24

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  1. Rx-
    240 Posts.
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    Thanks @boy1 for the summary. Pretty impressive considering the mcap. In regards to funding, gbm are actually in an ok position;
    - $836k +$1.36m raise ($2.2m)
    - CUR shares come out of escrow, August 21, 2022. $1.55m
    - Smartset is still on the table, $10m in equity
    - if the share price goes above 7.5c, I would expect to see more options converted
    - $250k of c29 shares, 6 month escrow

    And unlike underperforming producers, explorers can back off on drlling and focus on lower cost exploration options , surverying, JV's etc to conserve cash when markets are weak.

    Last edited by Rx-: 10/08/22
 
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