Gldbrg.Gbl.Res Share Discussion Threads

[sloppyg] 16/2/2016 08:44

Always good to see. The last time he bought stock on the open market at 2.8p last year it coincided with a small equity raising at exactly them same price.

I wonder if this is a prelude to a funding package. No matter he is clearly confident to keep building a stake at these prices so good enough for me !

[chrisdgb] 16/2/2016 08:18

Nice 2m director purchase recorded..

[sloppyg] 15/2/2016 11:48

I think the owners will be looking for a lot more than 5p mid to long term. NPV of Seki alone attributes around 12p of value.

If gold takes off and Kara comes on board then expect to be way north of 5p in the fullness of time. Obviously a lot needs to happen first and it does depend on ones investment timeframes etc but nevertheless the potential is there.

[chrisdgb] 15/2/2016 11:30

I think 5p is achievable........

[saturn5] 10/2/2016 18:33

Cantors 5p would indicate almost a 200 % rise

Im so lucky, lucky, lucky

The candle chart has gaps , gaps, gaps

I just love it

Brit Bulls says 2stay ling"

[chrisdgb] 05/2/2016 15:28

1.75p now being paid, good to see......

[chrisdgb] 05/2/2016 08:18

Indeed, nice to see the volumes ticking through as well...

[sloppyg] 04/2/2016 16:26

Indeed. Was not brave enough to top up at 0.95p even though felt very cheap. NPV of Seki alone is a c. 10 bagger and that is without anything for Kara, using a reasonably strong discount rate and no gold appreciation.

If and when a debt package is announced re. funding then it could be fill your boots time if still at or around these levels.

[chrisdgb] 04/2/2016 10:33

Gold also seems to be breaking out on the upside, bodes well............

[chipperfrd] 02/2/2016 16:52

Checking back through the trades over the last few months indicates minimal actual share holding reductions.

The price appears to have been 'managed' lower by steady downward pressure on the order book by (probably) one or more traders in Canary Wharf. The actual costs of doing this have been pretty minimal as there has been no supporting Institutional buying holding up the bid. You cannot blame the trader(s) as that is what they are employed to do and it has gone extraordinarily well, at least until now!

So largely AT trades managing the price. Whether we will see more evidence of this - who knows!

I sincerely doubt any equity raise. The amount of debt required is pretty small and yearly draw-downs will be tempered by organic cash flow, so they may well manage well towards the lower bound of the US$20m-30m that is being forecast. It all depends on the gold price of course.
Chip

[sloppyg] 02/2/2016 16:34

A much needed update and the oversold position looks fishy to me. Cynically I do wonder if details of some of these "advanced discussions" re funding price leaked and the company felt obliged to get this interim RNS out to stop the rot. I am sure they were hoping to have concluded funding discussions by now and then announce everything.

Hopefully, as chip stated, they can manage the funding gap with debt but fear the share price decline may allude to some limited equity raising....soon find out.

[chrisdgb] 02/2/2016 13:54

There has been a steady stream of stock with no news that more recently has unnerved people and that has accelerated the fall...

100% oversold..!!

[lfdkmp] 02/2/2016 13:46

Does beg the question as to why oversold? (and by how much)

[chrisdgb] 02/2/2016 13:42

Nice summary and we should quickly pull away from this oversold price...

[chipperfrd] 02/2/2016 13:03

Quite a big reduction in the Capex requirements (by year) compared to the previous plan.

Should hit 500kt pa run rate from mid 2016 - a year later than the original plan but understandable in this gold market.

US$30m of Capex requirement should be reasonably easy to arrange via debt - and full drawdown may not be actually required if (as seems likely) the gold price firms over the next couple of years.

Long hole stoping predicted to raise head grade and reduce ore tonnage to the mill - seems reasonable as it is a far more selective method than the caving previously mooted. It would also reduce costs (ie less low grade ore hauled) and provide more production per tonne processed.

It looks like the company will have more to announce over the course of 2016 so the RNS drought may finally be over.
Chip

[chrisdgb] 02/2/2016 11:15

Announcement..............

On quick reading, I welcome the visibility and honesty in the company statement.........

[sloppyg] 01/2/2016 16:08

It is strange. Mark downs seem to happen most afternoons with someone drip feeding 100k tranches in. Not large volume but buying non-existent.

I did email the company expressing concerns but simply got told looking to hopefully update the market in due course........hardly reassuring but only so much they can say i guess !

[rhotoid] 01/2/2016 15:55

ditto
Gold at three month high and we go down 7%, utterly dreadful, if I thought regulators would give a stuff it's probably a suspicious movement, someone must know something.

[w1sefool4] 01/2/2016 15:47

ditto & painful !

[sloppyg] 01/2/2016 15:35

Under normal circumstances would be in for a few at this price but one has to assume something is up.

[chrisdgb] 01/2/2016 15:30

Great, below 1...................................

[w1sefool4] 28/1/2016 15:22

falling knife ! Very frustrating

[chrisdgb] 28/1/2016 15:16

Simply awful, at a time when things should be getting better..

[sloppyg] 28/1/2016 15:09

Chestnuts - don't buy the de-listing argument as have always had a significant holding and would not have bothered with the hassle of moving to the main market which is far more onerous regulatory wise.

That being said the share price demise is now in the territory where it seems likely, as Vish stated, that we are simply waiting for the bad news to come out.

[chestnuts] 27/1/2016 18:02

Sloppy

I sold out at a good loss just over 2p when the present major sharholders took over, they just own too much percentage wise, you can bet the major sharholder will lend GBGR the money, and as posted earlier he will then probably own 90 to 95 %, he then will probably delist.