GIB gibb river diamonds limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

  1. 287 Posts.
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    Hi Pro,

    Yes i am looking forward to them announcing what phase 5 drilling looks like. The assumption is they will go even deeper and I very much look forward to that announcement to hear what the plan is. I think that is what the market is waiting on. It wants something to look forward to.

    I don't disagree that the company is undervalued. I think at these prices it's a nice stock to accumulate if your time frame for investing is 1+ years.

    However in the short term let's say the next 3 months it's reliant upon STK's results and progress at the diamond mine which should be producing late 2022 so still a while away but it's a tasty royalty to have up your sleeve.

    I guess as someone who is closely watching this stock for their gold progress which looks incredibly prospective you just want to hear what the plan is. Phase 4 drilling completed end of May and we are at the start of August now so hopefully an update on this front is coming very soon.
 
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4.2¢
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Mkt cap ! $9.009M
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