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GBGR Gldbrg.Gbl.Res

1.575
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gldbrg.Gbl.Res LSE:GBGR London Ordinary Share GB00B015PT76 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.575 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.575 GBX

Gldbrg.Gbl.Res (GBGR) Latest News

Real-Time news about Gldbrg.Gbl.Res (London Stock Exchange): 0 recent articles

Gldbrg.Gbl.Res (GBGR) Discussions and Chat

Gldbrg.Gbl.Res Forums and Chat

Date Time Title Posts
19/1/201712:49GoldBridges Global Resources563

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Gldbrg.Gbl.Res (GBGR) Top Chat Posts

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Posted at 20/12/2016 20:51 by sloppyg
not exactly catchy......forgotten it already !

Strange as current owners initiated the change to GBGR so why change again?......actually quite intriguing but to be fair we have so little news here that the mere sight of an RNS is enough to get the juices flowing !
Posted at 05/10/2016 11:08 by chipperfrd
We could certainly do with an operational update. It is surely time for them to report quarterly rather than 6 monthly.

They were predicting c. 45kt/month from the U/G 5 months ago. But nothing heard since.

So come on GBGR, let's have some information regarding progress underground.
Chip
Posted at 05/10/2016 10:45 by sloppyg
Interesting bit of price action following the POG mark down.......perhaps some activity of interest happening in the background
Posted at 02/9/2016 10:35 by chipperfrd
Yes RT. As expected, a poor 1H16 with everything now hinging on future results from the underground.

No guidance on 2H production, so we are left with very little to go on. This company certainly cannot be accused of being 'promotional' in their reports!

Probably better to view GBGR as a new start-up which happens to have reserves of 2.3m oz and infrastructure and Processing already completed with relatively minimal debt (c. US$18m).

In-ground M.I. resources are currently valued at US$22.9/oz.

Let us see what 2017 brings!
Chip
Posted at 23/8/2016 14:43 by chipperfrd
Hi guys!

Yes, very frustrating!

IF the investment case is eventually supported by mine advancement then this remains very undervalued (IMHO). Hence I am continuing to work to the same plan - ie buying dips every -7.5 to -10% and then recouping my cash when it eventually gets a decent bid, with consequent 'free' shares then bolstering the pot.

However, given the lethargic pace of reporting (and especially financial reporting) it remains likely that improvements to the balance sheet and P&L will still take until Spring 2017 to work through. 1H16 financials are not likely to be up to much because of the final O/P depletion and (hopefully) improving tonnage and grade from the U/G will not show through until all the 2H16 figures are eventually reported - so probably not until late April 2017.

I can certainly understand why people would prefer to switch to a stock with better PR/reporting and where shares are up-trending, so suggesting yet more patience is probably not what anyone wants to hear!

For myself, I do hold a lot of other PM stocks, so holding a laggard like GBGR is not so bad when viewed 'in the round'. Hence, I intend to just continue in the same fashion and wait and see what 2017 brings.

Regards all
Chip
Posted at 23/8/2016 13:04 by tightfist
The No-News syndrome is really hurting GBGR at present, with other investing opportunities out there. Time to read-up some more and see if this is an opportunity?Cheers, tightfist
Posted at 30/6/2016 12:30 by sandeels
chip, there seems to be a glitch on the daily chart whereby each time one logs into the gbgr bb the price appears to have dropped at the open and returned to unch at the time of logging in. No sweat, just curious.
Posted at 09/6/2016 10:10 by roguetreader
Chip
They seem to have at times a somewhat opaque and unstructured reporting style, which is a shame as the underlying story looks to be first rate IMO. Decent PR and a regular clear set of management reporting to shareholders would I think help the share price despite the aversion to Kazahkstan by mainstream western investors. I have dipped my toe in the water here after having been out since the Hambledon days and am looking forward to their ramp up over the next few years.
RT
Posted at 13/1/2016 11:36 by sloppyg
The problem is the company have documented how many millions they need to fund seki, of which next to nothing is coming from ops.

AFR have gone on record stating they will fund any gaps but I am sure they did not intend to fund the entire amount and the move to the main market was supposed to get new investors on board. Issuing equity at these share price levels is going to obviously result in significant dilution.

Need some clarity in this respect from the company or else not sure where the share price could end up.
Posted at 09/6/2015 17:32 by michaeljxox
Poor market sentiment towards sector as a whole can account for a chunk of the flatlining since 12/12 - associated with the decline in the pog. However, this does not explain the c.30% drop in the GBGR share price in the last 6-weeks.

Even taking account of the above and the dilution which has taken place since 12/12, it is rather surprising to see share price at these levels bearing in mind the advances made under the current management - e.g. reduced production & administrative costs: upgrading to plant and production process: CPR proven up Seki reserves, plus increases in indicated & inferred: SPFIDD assistance initiated: move to the main market with attendant stricter regulatory control: MID(MINT)award of right to seek sub-soil extraction licence re Kara: purchase of data re Kara and the work which has already been done towards obtaining a CPR and subsequent development of this substantial gold bearing acreage.

It is possible that the delay in announcing exactly how the underground development at Seki will be funded is because of the investigations and discussions currently in hand relating to constructions of shafts against extension of the existing declines - evaluating timelines, capex and cost ratio's. Could be seen as positive - management thinking on its feet and not merely pressing ahead with plane A, if plan B initially achieves a similar result in a quicker and more cost effective way.

There is little doubt that Seki & Kara between them have the potential to be a substantial gold find. The Assaubayev family have substantial stake (and considerable backing) in realising this potential and appear to be approaching the development of Seki (and subsequently Kara) in a competent and professional manner.

The above appears contrary to the recent decline in the GBGR share price , and it is possible that there is something negative coming down the pipe that the private investor (inevitably the last to know) is currently unaware of. On the other hand the movement in the share price could be just a market fluctuation - although, it must be said, rather extreme.

E&OE.
Gldbrg.Gbl.Res share price data is direct from the London Stock Exchange

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