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The latest update is out from GBM Resources Limited ( (AU:GBM) ).
GBM Resources Limited has disclosed a change in the indirect securities holdings of director Andrew Krelle, held through Iolanthe Capital Pty Ltd. The update shows the conversion of 15 million performance rights into fully paid ordinary shares following the satisfaction of non‑market vesting conditions, increasing Krelle’s indirect shareholding to 50 million shares while cancelling the same number of performance rights, with no cash consideration involved. This adjustment reflects the operation of the company’s performance-based incentive structures and modestly realigns the director’s exposure toward ordinary equity rather than contingent rights, but does not indicate any on‑market trading or changes to contractual interests.
The most recent analyst rating on (AU:GBM) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on GBM Resources Limited stock, see the AU:GBM Stock Forecast page.
More about GBM Resources Limited
Average Trading Volume: 10,976,746
Technical Sentiment Signal: Hold
Current Market Cap: A$169.5M
Learn more about GBM stock on TipRanks’ Stock Analysis page.