Seems whilst the market is rushing into & pushing up share price of PEP11 player's stocks MMR, MMRO, BPH & BUY ... I have not yet figured out why GBA remains the "ugly duckling" & when it will blossom.
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 (using closing prices 21 July 2010) 9,747,362 MMR shares $0.635/share = $6,189,574 7,310,522 MMRO options $0.45/share = $3,289,734 6,778,200 BPH shares $0.11/share = $745,602 Subtotal these = $10,224,910 b)unlisted 9,500,000 Advent Energy shares 6,778,200 Molecular Discovery Systems (potential ASX IPO @ perhaps 20c per share)
GBA closing price on 21 July 2010 of $0.35 x 28,193,508 shares = $9,867,728 less than the part (a) above
Just wondering when the market will factor into the GBA share price GBAs 9,500,000 shares in Advent Energy ? As per GBA ASX announcement 5 July 2010 6.37pm GBA holds 8.75% of Advent Energy.
Is this GBA wickedly undervalued OR what ?
DYOR
GBA Price at posting:
35.0¢ Sentiment: LT Buy Disclosure: Held
