GIB gibb river diamonds limited

Still a profitable mine

  1. 118 Posts.
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    I'm no geologist but in my back of an envelope calculations the grades and depths still point to a profitable mine with toll-treating at Carasue Dam.There was obviously expectations of bonanza grades by speculators and short-term traders-which weren't met by yesterday's announcement but my take is that 13.5 million shares were bought yesterday at a price well above the underlying share price before the initial hits in October and I bet that most would have been bought by longer-term holders that have a deeper understanding of the company and the Ellendale and Blina diamond projects.I am in fact a shorter-term holder but have read up and researched this company in the last weeks and intend to stay invested at least until after the stage 3 drilling in Feb/March.I would appreciate more knowlegable posters opinion of the viability of a mine at Edjunina with the results we currently have.
 
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(20min delay)
Last
5.8¢
Change
0.004(7.41%)
Mkt cap ! $12.44M
Open High Low Value Volume
5.2¢ 5.8¢ 5.2¢ $12.13K 229.2K

Buyers (Bids)

No. Vol. Price($)
1 7899 5.5¢
 

Sellers (Offers)

Price($) Vol. No.
5.9¢ 20000 1
View Market Depth
Last trade - 15.38pm 12/09/2025 (20 minute delay) ?
GIB (ASX) Chart
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