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
GBE Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
