Oh what a sad company GBP is…
The latest quarterly a carbon copy from every quarterly for the past 4 years….except one thing….the cash is (not so slowly) being drained.
Jan 2013 cash balance AUD$22.2m (a lazy $838k on administration that ¼)
Jan 2017 cash balance AUD$11.7 (good to see the admin down to $419k…though not too sure what the $153k on exploration and evaluation is).
We all live in hope I suppose. This company may surprise me one day.
Trading at a market cap that is ½ the cash that is sitting in the bank……
Oh what a sad company GBP is… The latest quarterly a carbon copy...
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