Hi BenI think that is a bit unfair. GBE is just a long way from...

Hi Ben

I think that is a bit unfair. GBE is just a long way from seeing its value realised as shown in the screenshot below.



Approx 7.5m AUD will be raised in Q3 cr and if that's similar to the last one then it will be around 3c per share resulting in almost 1b shares on issue. If the 30m US cr in q4 goes the same way then they could have the best part of 2.5b shares on issue. If that is what happens (and it may not) I suspect they will do a share consolidation at that point and for me that will be a good time to buy back in as the phase 1 mine becomes reality.

The sp could rise before q3, I doubt an updated pfs will do much as its contents are fairly predicable, if a MDA couldnt raise the sp then an updated pfs wont IMO. They may well do off take agreements but I dont see them including finance as output from phase 1 is only just over 300 tons a year.

A decision to mine plus the affected people actually moving off the site would IMO push the sp up but how much is difficult to say.

Losing Grant is a blow , he spent most of his time in Malawi and I think the new CEO needs to do the same if progress is to continued.

I am still convinced this mine will become reality and value will be realised just not this week or next.