GBZ can pay of the debt with 8.75c conversion price shares in approx 2 years. If you take into account interest, that GBZ can also pay back with shares, "net"-dillution will be arounc 6c. The debts doesn't look very sexy in the balance sheet, but imo they're anything but a threat.
Sell of the silverware in an ugly resource explorer market to pay of the debts with money, doesn't seem like a good idea to me under the above conditions.
But of course this company needs fresh money to go ahead....
Ann: Quarterly Activities Report and Appendix 5B, page-48
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Last
1.0¢ |
Change
-0.002(16.7%) |
Mkt cap ! $13.88M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $1.549K | 153.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1046398 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 39632 | 1 |
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| Last trade - 13.08pm 16/05/2024 (20 minute delay) ? |
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1.1¢ |
Change
-0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.1¢ | 1.0¢ | 440000 | ||
| Last updated 11.44am 16/05/2024 ? | |||||
| GBZ (ASX) Chart |