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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gldbrg.Gbl.Res | GBGR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.575 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.575 | 1.575 |
| Top Posts |
|---|
Posted at 20/12/2016 20:51 by sloppyg not exactly catchy......forgotteStrange 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 29/11/2016 15:04 by roguetreader After two or more years with very little info or updates from the company we have now had three updates on progress in three months, lets hope this is permanent change towards greater transparency. On the face of it the update looks positive and reflects progress towards the the 2019 objective of 100K Oz per annum which seems to be on track.I'm not an expert but the report of 30% free gold looks to be good news(?). The bulletin states company have ordered the equipment to undertake gravity concentration extraction to process the free gold. My only concern here is that they have a pretty tight capex budget and whether this is factored in and if not how much additional capex may be needed. They also state they are looking to get the cash cost down to $900 per Oz by 2019, is this a typo? the graph from the presentation in June 2016 suggests that the cash cost per Oz would be around $500 - $550 per Oz by 2019. Nice to see they have committed to a dividend policy this early, although I'm not expecting a net profit any time soon. RT |
Posted at 29/11/2016 11:13 by its a worry Well , that looks like they're going to start paying a dividend . . . . |
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 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 14/7/2016 15:50 by sloppyg speaking of which the £NPV of seki must have seen a healthy uplift given the savings of decline vs shaft, the POG and the weaker pound/USS.Would not be surprised to see it closer to $500m or £375m hence c.8 x current MC. Sort of ties in with Chip's table of MV of gold in the ground for GBGR of $25 versus the move to $250 avge once a stable mid/large producer. 10 x. So 8-10 bagger on either basis and this excludes Kara. Early days obviously and a lot still needs to happen but the potential is very significant here imo. |
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 03/6/2016 14:58 by chipperfrd GBGR fundamentals look really good but it will take time for the turnaround to become apparent through the operating and financial reporting. Yet more patience required I'm afraid! |
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