its an issue of liquidity at a market cap of 32m and top 20 owning 83% that only leaves circa 6m as free float on the ASX for trading. 6m is not enough for anyone to take a serious position in this and any big trader would not want to take ownership via on-market trading.
Now if shareprice goes up, then 17% float is fine, but its also not going to go without enough volume to ensure a fair price.
GBE needs offtakes leading to a higher share price and then a share purchase plan that excludes the top 20 (not legal but yeah)
its an issue of liquidity at a market cap of 32m and top 20...
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Last
4.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.56M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 93612 | 1 |
View Market Depth
| Last trade - 12.05pm 30/07/2025 (20 minute delay) ? |
| GBE (ASX) Chart |
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