Dear Members,
As I understand it, the company has paid the con. notes down to about $4.5M, with 2 years of interest also paid upfront. I think this raising will be for the next 12 months spend, with Newcrest drilling on the east (hopefully to the full extent planned!).
The lack of cash held by a few gold companies I follow is noticeable- Chesser, Turaco, Navarre, Emmerson aren't awash with cash. I wish GBM held $12M in cash to go nuts for the next year and then either go to 25c or go bad!
I think it is fair to say that capital management is a vital part of corporate management, but I wonder if many boards are to geologically/technically smart and corporately ignorant. As a retail holder, it is difficult to know sometimes, and it's hard to discern before it's largely too late.
- Forums
- ASX - By Stock
- Ann: Trading Halt
Dear Members,As I understand it, the company has paid the con....
-
- There are more pages in this discussion • 7 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
(20min delay)
|
|||||
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($) | Vol. | No. |
---|---|---|
1.0¢ | 382 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1141145 | 0.009 |
12 | 3495797 | 0.008 |
3 | 450000 | 0.007 |
3 | 2200000 | 0.006 |
2 | 220000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 382 | 1 |
0.011 | 548838 | 2 |
0.012 | 1117102 | 3 |
0.013 | 1200000 | 1 |
0.014 | 1529815 | 5 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
Last
0.9¢ |
  |
Change
-0.001 ( 10.0 %) |
|||
Open | High | Low | Volume | ||
1.0¢ | 1.0¢ | 0.9¢ | 1756250 | ||
Last updated 15.55pm 24/05/2024 ? |
Featured News
GBZ (ASX) Chart |