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6.52% 4.3¢ gibb river diamonds limited

Looks to be all go, Elendale now has certainty and it looks like...

  1. HotRods65
    8,308 Posts.
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    23/05/24
    16:56
    Post #: 73979883

    Looks to be all go, Elendale now has certainty and it looks like a few new projects will be appearing.
    JR has a history, like the Railway Iron Ore deposit he pegged and flogged off for over $200mill to BHP.
    Even Blina and Ellendale he has pretty much pegged them both, at basically no cost to shareholders. They had a combined mcap of over $650mill for the same ground in 2005, that's the sales pitch but they are conservatively worth multiples of the current mcap.


    Recent News:

    https://mining.com.au/gibb-river-shares-climb-almost-80-after-diamond-mining-licences-secured/

    https://www.mining.com/past-producing-yellow-diamonds-mine-in-australia-set-to-reopen/

    Behind a pay wall
    https://www.businessnews.com.au/article/Gibb-River-Diamonds-closes-in-on-restart-of-Ellendale



    Last edited by HotRods65: 23/05/24
    GIB Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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