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.
At 1c, GBM would have negative equity as the outstanding debt...
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $10.41M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $22.55K | 2.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1141145 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 382 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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0.9¢ |
Change
-0.001 ( 10.0 %) |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 0.9¢ | 1756250 | ||
| Last updated 15.55pm 24/05/2024 ? | |||||
| GBZ (ASX) Chart |