It's over 7 months since your August 2009 post of ANY BROKERS FOLLOWING GRANDBRIDGE YET ?? and its well overdue to Ask the same question. The answer is probably not on their radar yet as GBA a mere $5million market capitalisation company, and it is somewhat an exercise to try to unravel the beneficial direct & indirect interests in Advent energy & the PEP11 permit (where looking at 16.3TCF natural gas)where ASX companies with fingers in the Advent energy pie include MMR,BPH & GBA.& seems to have multiple cross holdings , not to mention the options MMRO & BPHO
DYOR & Maybe the following extract info might enlighten as to the CHRONIC UNDERVALUED share price of GBA
how many shares in GBA - 28,193,508 how many options in GBA - 4,100,000 (unlisted)
What investments does GBA have :-) a) ASX listed 9,747,362 MMR shares $0.385/share 7,310,522 MMRO options $0.21/share 6,778,200 BPH shares $0.08/share b)unlisted 9,500,000 Advent Energy shares (institutional buy price 50c per share) 6,778,200 Molecular Discovery Systems (potential ASX IPO @ 20c per share)
In a nutshell, what do the above shareholder equate to in terms of amount per GBA share ((based on market close 8 April 2010) ? a) $0.207 ASX listed companies b) $0.217 unlisted shares Versus the GBA closing price on 8 April 2010 of $0.19
Let's not forget that MMR is a pooled development fund (essentially tax free/exempt capital gains on disposal of shares in pooled development funds) so GBA to do nicely Likewise let's not overlook the calibre of other Advent Energy holders such as Talbot Group Holdings
GBA Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held