Gldbrg.Gbl.Res Share Discussion Threads

[adsyg] 01/5/2015 15:46

I think what is clear is that cash flow from ops, after EBRD loan repayments, is not going to make huge inroads into the capex requirements. So hopefully, as they say, get clarity on the funding in due course. Reassuring to see NPV of seki positive at much lower POGNote that decided not to prolong open pit after all.Well written comprehensive report. Remains a slow burner but confident on this one coming good on a 3-5 yr view.

[sandeels] 30/4/2015 20:30

Yr end results 2014

[sloppyg] 20/4/2015 11:30

Seems a strange placement in the context of the extent of the u/g funding requirements. Thoughts are that :

1. A bit of pocket money to tidy over before the main raising
2. Went to the market to raise as much as possible and this is all they could get away so took it
3. This is all the equity they believe required and the remaining gap will be debt funded via various sources

Hope its the latter but either way still no clarity on funding options for the time being.

Agreed re. share price slip recently !

[chipperfrd] 20/4/2015 11:14

5.56% of additional shares. But share price fell -7.08% over last week - so would appear to be already in the price.

[lfdkmp] 20/4/2015 09:59

"This was at a premium of 6.67% to the closing price on 17 April 2015 of 2.625 pence per share."

Why does the cynic in me speculate as to how easy (few hundred thousand shares sold) it could have been last week to manouevre the share price down to 2.625p, so that today's subscription can be claimed to be at a premium to April 17th closing price?

Perish the thought!

[adsyg] 16/4/2015 09:41

All fairly quiet here. I guess, with appointment of new joint broker, we may hear something re. Funding quite soon......might also explain easing of share price post rns.

We need that clarity before hopefully a road towards a significant re-rating can occur.

[aaaaar] 31/3/2015 11:56

A few for me at 2.85, which was nice!

[lfdkmp] 31/3/2015 10:53

Does now seem to be some support when we dip below 3p.

[sandeels] 30/3/2015 22:49

Of course I should have referred to the AIIB when talking about countries piling in.

hxxp://www.globalresearch.ca/the-brics-the-eurasian-economic-union-eeu-and-the-shanghai-cooperation-organization-sco-towards-a-new-global-financial-architecture/5413714

[sandeels] 30/3/2015 17:31

Hi Chip, thanks for your good comments re de-dollarisation back on 6th Mar (319), subsequent assessment of developments and the SCO link. Interesting to see how perception can change so quickly now that we've seen a veritable flurry of countries committing to getting on board what is becoming an SCO bandwagon. Most interesting was the recent turnaround by the US who suddenly saw themselves looking more and more isolated as their mates all jumped on.
The point is made in the SCO discussion that there is next to nothing about the SCO in the mainstream press. Whether that is due to conspiracy or simply that it has not been deemed newsworthy is a moot point but things seem to be moving ever faster towards a global reset and we will no doubt start hearing more and more about the SCO.
It seems clear that concerns about the US recovery, the fate of the USD reserve status and the shift of power towards organisations such as the SCO are becoming inextricably entwined. Will there be a gradual shift or a sudden realignment of the tectonic plates? However it unfolds it seems hard to believe that the US will just stand by and watch it happen.

On the other hand I'm happy to hear you say that "I do not see why Kazakh de-dollarisation should actually change the investment proposition for GBGR"
Phew, what can possibly go wrong!

Good to see some volume creeping in albeit small trades and nice to PIs buying the dips. share price seems firmer though PMs still looking like they could go either way in the short term.
Kara CPR at the end of this year is the one I'm looking forward to.

[chipperfrd] 30/3/2015 10:20

Given that Kazakhstan is a member of The Shanghai Cooperation Organisation (SCO) I thought a recent discussion about the SCO and the AIIB might be of interest.

I have therefore put a link in the header.

[loppylugs] 18/3/2015 18:53

The daily volume of shares traded over the past 10-days, is in stark contrast to daily average during the past 6-months

[loppylugs] 12/3/2015 15:28

Well done Chip - another informed and logical assessment.

H2 Report

Positives may be seen as -
1. Seki underground grade 3.81 (2.97) - especially as still only from development ore. and
2. Move to fast track underground development. Plus the desire to minimise initial capital investment - number of positive (& non-dilutive) ways this might be achieved.

Negative may be seen as - Kara subsoil licence appears still a little way off.

[tightfist] 12/3/2015 11:28

Chip,

Thanks for your overview perspective here at GBGR - your input appreciated, as ever.

Cheers,

[sloppyg] 12/3/2015 09:48

if Carlsberg ran small cap companies........!

You can sense management, with their comments, are trying to work out ways of expediting the u/g development without signficant dilution which bodes well.

Getting a warm feeling here.

[aaaaar] 12/3/2015 08:09

Shame nobody cares!

[chipperfrd] 06/3/2015 12:53

Sandeels,

It would be hugely speculative to try and work through just what the ramifications of all this might be.

My first thought, as someone who spends an inordinate amount of time analysing PM producers, is: just how complicated it will become to carry on doing 'apples-to-apples comparisons' once the world comes off the USD standard. All the FOREX rates will make the task hideously difficult to keep on top of, rather than just using the general default of most miners, which is currently the USD.

However, in terms of gold/silver prices, arbitrage should tend to keep global prices common, relative to local FOREX rates. So individual projects will, as ever, boil down to the same economic factors, ie. actual profit margins achieved, sales v costs, et al.

So, on the face of it, and for GBGR specifically, as long as they can actually sell their product at the reining world price, nothing should change. Their earnings should determine their ongoing share price and those earnings will be dependent on eventually achieving target levels of production/sales at a level of overall cost that result in sustainable profit margins to adequately reward all stakeholders over the fullness of time.

In itself, I do not see why Kazakh de-dollarisation should actually change the investment proposition for GBGR as long as profits can be repatriated without exchange controls or other negative hurdles being placed in the way of UK-based investors.

We do appear to be facing a world that looks imminently likely to have a major financial upheavel. Whether that radically changes the investment environment for Asia-based businesses is a moot point. I would certainly hope not. But I guess we do have to pay close attention to all the moves that we are likely to see play out as the world comes to terms with a new Bretton Woods type reset, this time with a completely new cast of players.
Chip

[sandeels] 06/3/2015 12:23

AAAAAAR I'm well aware of who the author is! Your link, RationalWiki, giving the low down on ZeroHedge is in some respects similar to ZH itself. Wikipedia refers to Rational Wiki as 'a wiki based on skepticism that criticises "crank" ideas, pseudoscience, and fundamentalism. '
To be honest I'm not that interested in the pro's and con's of alternative media and I thoroughly enjoy ZH as it would seem do several million others!



More to the point i think it's fair to say that ZH haven't invented the statement by the Kazakhstan Central Bank and that is the interesting bit.

Chip, thanks for the links, fascinating read and important for us all in terms of how the development of SCO plays out and it's relationship to the US, the $reserve and Nato.

What I'd like to understand is:

1)does this present a medium/long term geopolitical risk/opportunity for GBGR

2)what might the implications of 'de-dollarisation' of the Kazakh economy be to Tenge/$ exchange rates and the consequent outlook for GBGR?

Any ideas anyone!?..Chip?

[aaaaar] 06/3/2015 06:40

Sandeels note the Author

hxxp://rationalwiki.org/wiki/Zero_Hedge

[chipperfrd] 05/3/2015 17:08

Well spotted Sandeels!

It looks to me like a logical step in line with the general trend of the SCO (Shanghai Cooperation Organisation) to separate themselves from, what they consider to be, the dysfunctional western financial system.

Currently 6 members of the SCO and it looks like India may well become a full member soon.

Wiki link:

SCO web:

[sandeels] 05/3/2015 16:40

'Kazakhstan Authorities Announce Plans To De-Dollarize Economy'

Anyone care to speculate on the outcome of this?

[lfdkmp] 20/2/2015 17:53

Is that a first for GBGR/HMB - auction at the end of the day?

[loppylugs] 18/2/2015 09:08

Yes. Also rather unusual pattern to share trades over the last 48-hours.