About GBE

Founded: 2005
Employees: n/a
CEO: Charles Altshuler
WebsiteView website: www.globemm.com

Globe Metals & Mining Limited engages in the exploration, development, and investment of mineral resource properties in Australia and Africa. The company primarily explores for niobium and tantalum deposits. It primarily holds a 100% interest in the Kanyika project located in Malawi. Globe Metals & Mining Limited was formerly known as Globe Uranium Limited and changed its name to Globe Metals & Mining Limited in June 2008. The company was incorporated in 2005 and is based in West Perth, Australia. Globe Metals & Mining Limited is a subsidiary of Apollo Metals Investment Co., Limited.

Recent GBE News & Updates

New Risk • Jan 06

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (AU$11k revenue, or US$7.4k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$43.1m market cap, or US$29.0m).

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About GBE

Recent GBE News & Updates

We Think Globe Metals & Mining (ASX:GBE) Can Afford To Drive Business Growth

New major risk - Financial position

New major risk - Shareholder dilution

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