Global (GBP) is by far the cheapest on the ASX. Its under cash, and has 2 off shores in Namibia and one in Madagascar. Directors are well seasoned.
PVD farming into Madagascar is also a little unusual. Juniors don't generally farm in, they farm out.
The $20m PVD have on the BS will disappear on that Madagascar seismic, and they will again go back to market by year end ( pending **on farm out ). So based on that we should see a few more research reports on the horizon. They are tracking about 1 a month which is a world record. Not sure how long they can continue to say the capital structure is 'tight' though - its getting 'looser' by the quarter.
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Global (GBP) is by far the cheapest on the ASX. Its under cash,...
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Price($) | Vol. | No. |
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