drbubb Posted January 3, 2008 Report Share Posted January 3, 2008 According to Campbell Smyth: "GBS is (cheap- so cheap it is nuts). check it out" So I did, and i bought some yesterday. ========================== Weekly Chart ... update : daily Link: http://www.gbsgold.com = = = GBS is a high cost mine but the management just put in $8m at $1.30 in a pp + Management: ...is the old Lion Ore team, GBS has 25% management ownership + just went cashflow positive + GBS: Market cap $150m. cash at bank $20m + Production - 120,000oz, and Cash flow is just over breakeven at present + New resources coming, reserves being defined. reserve 3moz - all categories 4.5moz + Location : all australian projects + Overall: Mkt cap/oz $30/oz - seriously cheap I am most confident about the fact that it is the LionOre management running it and they own 25% personally. The resource estimate is straight from the CFO - it may be higher than the website as they are about to announce an upgrade Link to comment Share on other sites More sharing options...
Kickstart Posted January 3, 2008 Report Share Posted January 3, 2008 According to Campbell Smyth: "GBS is (cheap- so cheap it is nuts). check it out" So I did, and i bought some yesterday. ========================== Weekly Chart ... update : daily Link: http://www.gbsgold.com = = = GBS is a high cost mine but the management just put in $8m at $1.30 in a pp + Management: ...is the old Lion Ore team, GBS has 25% management ownership + just went cashflow positive + GBS: Market cap $150m. cash at bank $20m + Production - 120,000oz, and Cash flow is just over breakeven at present + New resources coming, reserves being defined. reserve 3moz - all categories 4.5moz + Location : all australian projects + Overall: Mkt cap/oz $30/oz - seriously cheap I am most confident about the fact that it is the LionOre management running it and they own 25% personally. The resource estimate is straight from the CFO - it may be higher than the website as they are about to announce an upgrade [/quote I am also in the process of researching this one, I heared it on the podcast on CWR. Looks very interesting Dr.B and cheap ! May well buy some in the next couple of days. Link to comment Share on other sites More sharing options...
Justin Thyme Posted January 3, 2008 Report Share Posted January 3, 2008 Love to buy some but my etrade account won't let me. Seems quite tricky to gain access to certain markets . . . Link to comment Share on other sites More sharing options...
Kickstart Posted January 3, 2008 Report Share Posted January 3, 2008 Just bought 20k. Lets hope they start to play catch-up. Should be a good ride over the next few months with the expected news providing the price of Gold holds and costs start to come down as they said in the podcast. Link to comment Share on other sites More sharing options...
AceofKY Posted January 3, 2008 Report Share Posted January 3, 2008 I am most confident about the fact that it is the LionOre management running it and they own 25% personally. The resource estimate is straight from the CFO - it may be higher than the website as they are about to announce an upgrade Interesting; I will have to take a look at this. Frankly, however, I was never very impressed with LionOre management. I did a lot of DD on LIM in 06 (well before the big nickel runup in 07) and took a pass specifically because of what seemed to be management incompetency. I believe it was the 2005 annual report that specifically scared me away. Remember, these are the guys whose Board of Directors RECOMMENDED selling the company for WAY less than what Norilsk finally bought them for in the bidding war with Xstrata. I have a word file on my harddrive called the "Hall of Shame" and all of the former Lionore and Rio Narcea board of directors are on that list, since neither of them did enough work to get maximum value for shareholders when they decided to sell out. Link to comment Share on other sites More sharing options...
Itinerant Wanderer Posted January 5, 2008 Report Share Posted January 5, 2008 Tried to buy this on Selftrade but they can't trade it. Anyone know how I can do this without having to go through laborious account set ups with another broker (i.e. not having to send off passports and birth certificates etc. to convince people I'm not Al Capone's lost grandson)? Physchological question: is it a sign of a bubble in gold that I seem less concerned buying into gold related assets at $850 than at $450? Or is it simply a sign that the impending doom all around is getting a little clearer to see? Link to comment Share on other sites More sharing options...
chazza Posted January 5, 2008 Report Share Posted January 5, 2008 Physchological question: is it a sign of a bubble in gold that I seem less concerned buying into gold related assets at $850 than at $450? Or is it simply a sign that the impending doom all around is getting a little clearer to see? I'm asking myself this question also..note to self, check The Sun, see if they are reccomending buying gold Link to comment Share on other sites More sharing options...
Justin Thyme Posted January 17, 2008 Report Share Posted January 17, 2008 DrBubb, d'you still reckon GBS is a good buy just now or have i missed the boat ? Link to comment Share on other sites More sharing options...
Justin Thyme Posted January 22, 2008 Report Share Posted January 22, 2008 No matter - bought some this afternoon at C$1.10 Link to comment Share on other sites More sharing options...
Justin Thyme Posted January 25, 2008 Report Share Posted January 25, 2008 Just thought you guys might be interested in this . . . (RealTrader) *GBS Gold Reports Steady Production And Improved Cost Performance For Q4 At Australia's Union Reefs Operations Centre *GBS Gold Reports Steady Production And Improved Cost Performance For Q4 At Aust alia's Union Reefs Operations Centre (RTTNews) - GBS Gold (GBS.TO) reports steady production and improved cost performance for Q4 at Australia's Union Reefs Operations Centre For comments and feedback: contact editorial@rttnews.com Copyright© 2008 RealTimeTraders.com, Inc. All Rights Reserved *** end of story *** Link to comment Share on other sites More sharing options...
chazza Posted March 28, 2008 Report Share Posted March 28, 2008 Slapped down 10% today, I take it the annual results were poor. Is there a good site for analysis/discussion of the numbes as BBG has very little presently? Link to comment Share on other sites More sharing options...
chazza Posted March 31, 2008 Report Share Posted March 31, 2008 The costs looked high from the annual report for the main site but they were declining. I'm going to blame those darn short sellers.... Link to comment Share on other sites More sharing options...
Pixel8r Posted July 27, 2008 Report Share Posted July 27, 2008 I thought I'd take another look at GBS as the share price has pulled back a bit. GBS at a Glance • Comprehensive producing, near-producing and exploration asset base located in Australia • Excellent set of assets in historically well known gold mining region • Under-utilized 2.5 Mtpa processing plant key competitive advantage • Indicated gold resources of 2.5Moz and Inferred resources of 1.6Moz • Strong production growth - organic growth plan to +300,000ozpa over the next 5 years • Growing resource base in known deposits • 2008 expected production of 130,000 ounces • Potential to monetize non-gold assets - base metals and uranium • Recently strengthened management team with proven operational & capital markets experience PRESENTATIONS Delivering Production, May 2008 - 5/23/2008 (5285 KB PPT) Mineral Resources and Reserves • During the Quarter, the Company released the details of the year-end mineral resource and reserve position. The Company’s mineral resource base at the end of 2007 comprised indicated resources of 22.8Mt at an average grade of 3.3g/t for 2.4 million ounces (“Moz”) of gold, plus inferred resources of 20.3Mt at 2.5g/t for 1.6Moz of gold. • The Company’s mineral reserves comprise probable reserves relating to the Brocks Creek, Tom’s Gully and Cosmo Deeps projects of 3.1Mt at 6.0g/t for 601,000 ounces of contained gold. GBS Gold International - http://www.gbsgold.ca Share price = 1.25 C$ Market Cap = 164.5M C$ GBS Gold – NAV Analysis Mid-tier producers trading at 2.34 x NAV1 GBS Gold trading at 0.8 x NAV Analysts ascribe multiple: 1 x NAV: $2.00 - $2.50 Target Link to comment Share on other sites More sharing options...
chazza Posted July 28, 2008 Report Share Posted July 28, 2008 I thought I'd take another look at GBS as the share price has pulled back a bit. ... Analysts ascribe multiple: 1 x NAV: $2.00 - $2.50 Target Yep, I'm looking to top up soon Link to comment Share on other sites More sharing options...
bobbyald Posted August 27, 2008 Report Share Posted August 27, 2008 Down 50% today at 0.42 Link to comment Share on other sites More sharing options...
dylan Posted August 27, 2008 Report Share Posted August 27, 2008 Down 50% today at 0.42 Presumably this is the reason: http://www.gbsgold.ca/pdfs/uploads/news/38...20(27AUG08).pdf Doesn't make pretty reading. Oh well, just some more money down the gold junior drain ... Link to comment Share on other sites More sharing options...
bobbyald Posted August 29, 2008 Report Share Posted August 29, 2008 Presumably this is the reason: http://www.gbsgold.ca/pdfs/uploads/news/38...20(27AUG08).pdf Doesn't make pretty reading. Oh well, just some more money down the gold junior drain ... I haven't fully read the pdf yet but just for the record: Down another 50% today at 0.21 ...and to think that the directors pumped loads of their own cash in at $1.30 just a few months ago. How quickly things change. Link to comment Share on other sites More sharing options...
Justin Thyme Posted August 30, 2008 Report Share Posted August 30, 2008 Gutting for anyone who committed readies to this. They might be bought up though Link to comment Share on other sites More sharing options...
chazza Posted September 1, 2008 Report Share Posted September 1, 2008 Yep, I'm looking to top up soon Well, I suppose the plus side is I didnt get round to topping up.... Link to comment Share on other sites More sharing options...
bobbyald Posted September 6, 2008 Report Share Posted September 6, 2008 Surely worth a punt at 12c even if just for the option value. IF gold was to go to $1500 or $2000 this stock would be a 10, 20, 30 bagger easily. Link to comment Share on other sites More sharing options...
chazza Posted September 15, 2008 Report Share Posted September 15, 2008 GBS Gold International on the brink Posted: September 15, 2008, 10:33 AM by David Pett Mining It appears close to being over for GBS Gold International Inc. Shares in the Australian-based gold miner are down more than 70% to 3¢ after the company fell into receivership on Monday. GBS Gold said it appointed voluntary administrators to take control of its subsidiary GBS Gold Australia Pty Ltd. The appointment was a requirement under Australian law due the GBS Gold Australian degrading financial position. The company stated that claims of creditors are delayed to allow the Australian subsidiaries "to be restructured and recapitalized with a view to being able to continue their business." GBS Gold's troubles have been mounting since late August when the small miner with open pit projects located in Australia, raised its cost guidance and warned that it may have to lower production following a review of its operations. One day later CEO Peter Breese resigned. Wow. Welcome to junior investing. So from costs increasing and lower production to receivership. WTF!? Link to comment Share on other sites More sharing options...
needmorespace Posted September 15, 2008 Report Share Posted September 15, 2008 Wow. I nearly bought GBS. On the other hand, I have lots of TUMIF.OB and HIF.L which have seen massive equity destruction. This is why I'm so uncomfortable about owning stocks where the financial reporting is infrequent and light on useful infomation. If the game has become one of survival before the next major leg up in the POG then I want to know about cash on hand and burn rates. Link to comment Share on other sites More sharing options...
needmorespace Posted September 15, 2008 Report Share Posted September 15, 2008 Wow. I nearly bought GBS. On the other hand, I have lots of TUMIF.OB and HIF.L which have seen massive equity destruction. This is why I'm so uncomfortable about owning stocks where the financial reporting is infrequent and light on useful infomation. If the game has become one of survival before the next major leg up in the POG then I want to know about cash on hand and burn rates. Link to comment Share on other sites More sharing options...
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