Yes I do mean the Shepparton Mafia, great guess.great post too....

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14/09/23

18:07

Post #: 69862676
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Originally posted by hongkie: ↑

You mean the Shepparton mafia, perhaps?

I think the main problem for GBR is the same as for most junior explorers at the moment: retail interest in the sector is limited and capital is expensive, sometimes ridiculously so. To be fair to AP, he spends the dollars exploring, as we would want. But that sends us back to the brokers sooner than we'd like, which means the drill results have to be compelling to get the share price up before each new raise.

At the moment a decent story is starting to take shape but it has not been exciting enough to grab market attention. The other problem is that we are overly dependent on the potential interest of one suitor, who is unlikely to offer much neighbourly help if it means that a buyout costs him substantially more in 18 months time.

Somehow GBR needs to find a way of generating wider interest, perhaps with some creative partnering that creates a little more competitive tension in the region. Alternately, bite the bullet and take a strategic investment from a larger partner, although this will probably put a lid on the upside potential.

A few months ago there was talk of initial mining at Ironbark. Perhaps there could be some kind of deal there that brings in cash to fund further work at Mulga Bill. But we all know they are going to have to raise again relatively soon. I'd prefer they do it sooner, rather than wait until the last possible moment. And maybe raise enough to get them through full year 2024. It'd be more dilution, but it would give them more time to grow the company into the next chapter.

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Yes I do mean the Shepparton Mafia, great guess.

great post too. After the update on our MRE in October AP could also look at a streaming/Royalties deal for our gold reserves, this would cease any further dilution and could be used as a line of credit for future company growth moving into production.

GBR Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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Last 5.8¢		Change -0.001(1.69%)		Mkt cap ! $36.37M

Open	High	Low	Value	Volume
6.0¢	6.0¢	5.8¢	$30.92K	523.8K

Buyers (Bids)

No.	Vol.	Price($)
2	450668	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	50000	1

View Market Depth

No.	Vol.	Price($)
2	450668	0.058
3	212000	0.057
1	33810	0.056
2	243859	0.055
2	370370	0.054

Price($)	Vol.	No.
0.061	50000	1
0.062	76750	1
0.063	50000	1
0.064	286117	2
0.065	38695	2

Last trade - 15.45pm 25/06/2024 (20 minute delay)

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Yes I do mean the Shepparton Mafia, great guess.great post too....

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Eurozone-based companies find new ways to secure a regional lithium supply

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Yes I do mean the Shepparton Mafia, great guess.great post too....

Top Stories

Time for retail therapy buying in the shopping Scentre for hot stocks

End of FY is a time to juggle wins, losses and capital gains taxes

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

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Sun Silver submits US$60M Silver Paste Funding Application to US DoE

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