It looks like 'imminent' was more imminent than I thought!
Good luck to long term holders. It looks like the tide, and volume, may be turning...
GBE still has a long way to get back from their peak when the deal with ECE was done. But I get the feeling that the combination of the Kanyika Project (DFS this year), the other rare earth projects which are all showing good results, along with the strong cash balance, are starting to get some attention in the market. Rare earths, too, are starting to get the attention they deserve - imperative and non-substitutable for a range of 21st Century applications.
And if GBE pushes through 23 cents, the ceiling of the buyback, apologies to GBE management for the trouble they have gone to. But if that does happen, the buyback proposal and approvals wasn't for nothing - GBE has shown support for their company's value, and their small shareholders.
- Heaps of Cash - Low share price - Range of projects at various stage, with exciting results. - Aggressive Drilling campaigns - Chinese Partners, providing access to finance and markets - Little chance of any share dilution to fund Kanyika, given the FIRB restrictions on foreign ownership.
GBE is in a very strong position.
Yaq
(bought more today).
GBE Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
