S.teez Very simple Let’s just talk in round figures. In the past...

S.teez
Very simple
Let’s just talk in round figures.
In the past few years the GRB directors have been tossing around extra shares like confetti.
Quite irresponsible imo.
GRB now have more than 1 Billion shares on issue.......... 1000000000 shares
They have now grown the company share base to where it is almost impossible to
make a meaniful earnings per share ( eps )profit.
They recently proudly announced a profit just north of $2 million
That is o.23cents......... or less than a quarter of a cent eps

To make a similar eps to LWB when they ere taken over of around 17 cents per share
GRB would need to make in excess of $170 million profit to match.
And the total market price for GRB to achieve a similar price to LWB would be in excess of
$7.7 Billion dollars.......compared to the GRB total market price of around $100 to &110 million dollars
Some difference!
So to answer your questions
No....
GRB will never achieve the price that LWB did.

..........
FWIW

I did have a reasonable holding in GRB which I sold out of recently at
higher than today’s price.

My current thinking is they are fully priced right now.

I am keeping an eye in them.

But as mentioned above, their share base makes it almost impossible
to make a meaniful EPS profit.

This is NOT a downramp in an attempt to flush out cheap shares.

Good luck to all holders.

cheers
bendigo