Whalewatcher, may I say your posts are always exceptional!
As regards GBZ, on Sept 1, I weighed up between GBZ and QMN ... and chaose QMN.
1] At 20 cents GBZ had already run strongly, and QMN was just taking off at 14 cents, and
2] QMN has the link with WM & CDU .. so to me it was an easy decision.
Now 6 weeks later, and QMN is around 40 cents, while GBZ still around 21. Yesterday, looking at the disparity in the MC, I looked at GBZ with a MC of only $22mill, while QMN was at $88m!! So GBZ tarding at a quarter of QMN, with their land questionably as good, if not better. Yes they lack the Wayne McCrae/CDU connection, but I frankly dont think that is worth $66 million
I think the anchor weighing back GBZ is their weak drilling results reported earlier. Without wishing to offend, I personally think this shows the inexperience & lack of knowledge of retail investors. CDU has spoiled the market and everyone was expecting 50m assays of 5% cu ... CDU ia a freak. Most people who have followed the resource sector for years well know that 99% of significant deposits are NEVER found with the first drilling campaign. IMO their radiometric image is as good as QMN, and their SAM which starts this week will increase interest.
I still feel that on equal market caps that QMN is the better buy ... however, that has now changed with QMN running, and GBZ lagging.
Based on the above, I bought in yesterday & added more today.
The next few weeks will be very interesting indeed ... bring on the SAM!!
;)
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Last
0.9¢ |
Change
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Mkt cap ! $10.41M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1118368 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 660076 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1118368 | 0.008 |
4 | 1125069 | 0.007 |
3 | 600000 | 0.006 |
2 | 370000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 660076 | 3 |
0.010 | 2290073 | 5 |
0.011 | 1009000 | 2 |
0.012 | 1060798 | 4 |
0.013 | 1322442 | 3 |
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