GBZ 0.00% 0.8¢ gbm resources limited

hi sjb, hwill, unfortunately the trophy will only be there for...

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    hi sjb, hwill, unfortunately the trophy will only be there for another 8 days, CSR was a share consolidation and GBZ hasnt moved for the month.

    this is what i find so strange, capital raised at 12c and yet we have had such an incredibly long consistent stream of sellers at 10c, perhaps time for another top 20, the only logical seller at this price would be SVH and the announcement yesterday states they will commit nothing this year for drilling at our phosphate assets.

    i know these targets are less important in the scheme of things next to Milo and the PPC JV targets but doesnt seem encouraging for future efforts.

    sjb, yesterdays announce was to say we will be commencing soon and where cash will be spent, suppose the next announcement will have some of the details you/we are after.

    on another note, bollinger bands starting to tighten up, wont be long now before we can at least get back to 12c.
 
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