David Breeze has GBAs tentacles firmly embedded in Advent. GBAs interest in PEP11 will be protected just like a mother with her child. You can bet your bottom dollar that GBA will be well looked after throughout this process. Trandcorp is the vehicle.
As I said, a conservative valuation for GBA right now is 10 million. It is not hard to argue that in light of BPHs market capitalisation movements that a 15 year high share price for GBA - of in excess of $1 a share - is quite easily attainable with a successful drilling program.
GBA Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
