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Drilling at GBM's Milo iron oxide copper gold and rare earth elements project in Queensland.

GBM merger canned after funding falls through

Gold explorer GBM Resources has been forced to terminate merger plans with Canadian company WCB Resources after a loan agreement with a funding party fell through.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Source: Morningstar

Total Shareholder Return as at 30/09/19

1 year TSR5 year TSR
3rdSpectrum Metals1374%18%
78thHorizon Gold100%
174thNewfield Resources38%-20%
590thGBM Resources-34%-32%
630thEnterprise Metals-41%-36%
733 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

09/10/18
$50k Bought
09/10/18
$50k Bought
06/08/18
$15k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

243rd↓GBM Resources$89k
282nd↓Horizon Gold$35k
283rd↓Newfield Resources$34k
286th↓Enterprise Metals$31k
287th↓Spectrum Metals$30k
486 listed resources companies ranked by revenue.
Source: Morningstar

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