Yes, this company (for a 'speculative' share) is such a no brainer.
At 18 cents, there is an easy 28% gain to be made up to the 23 cent buyback ceiling, which sounds like it is only a matter of a short space of time). And GBE is still trading just a smidge above their robust cash position.
Beyond that, GBE have a busy 6 months ahead with Kanyika news likely to accelerate, and, by the sounds of it, Chinese offtake/financiers interested in securing the niobium. The value of ECE and their connections will become apparent.
And rather than rest on their laurels, GBE is adding a lot of value through the drill bit. Mount Muambe continues to deliver good results.
I like our MD's comment from the recent presentation - something along the lines of GBE having projects apart from Kanyika that would be 'competing for capital'. A good problem to have, when the quality and range of projects creates competing demands on a small company's capital. In the meantime, let's drill the heck out of them this year before deciding to get in a farm-in partner.
Time will deliver an excellent result on this company. Just way too cheap at current levels.
Yaq
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Last
5.7¢ |
Change
0.002(3.64%) |
Mkt cap ! $39.41M |
Open | High | Low | Value | Volume |
5.6¢ | 5.9¢ | 5.5¢ | $20.84K | 368.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90000 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90000 | 0.056 |
2 | 240175 | 0.055 |
1 | 19229 | 0.052 |
1 | 19500 | 0.038 |
1 | 14570 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 200000 | 1 |
0.060 | 577909 | 1 |
0.062 | 30000 | 1 |
0.065 | 600000 | 2 |
0.068 | 200000 | 1 |
Last trade - 12.04pm 04/07/2024 (20 minute delay) ? |
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