At 1c, GBM would have negative equity as the outstanding debt exceeded the combined equity + cash. Very risky position to be in and a lot of people on this forum warned the management about the potential risks of a 10m convertible note deal with Collins Street AM. 15 months later, here we are in this mess and with no money in the kitty. I have no idea how a 1.9m oz JORC resource company sunk all the way down there, but I don't see many options other than selling a portion or the full amount of the company's core projects to pay off the debt and recapitalise the balance sheet.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report and Appendix 5B
At 1c, GBM would have negative equity as the outstanding debt...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBZ (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.41M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3434520 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 274869 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 3434520 | 0.008 |
5 | 2100000 | 0.007 |
1 | 250000 | 0.006 |
3 | 2370000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 274869 | 2 |
0.010 | 1609449 | 5 |
0.011 | 655299 | 2 |
0.012 | 1160798 | 5 |
0.013 | 1322442 | 3 |
Last trade - 16.12pm 30/07/2024 (20 minute delay) ? |
Featured News
GBZ (ASX) Chart |
Day chart unavailable
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online