GBM RESOURCES LIMITED.
ASX:GBMMaterialsToday’s holders own 91.8% of what they think they own, once every option and right converts.
Runway 2–4 quarters; share count grew 9% in 24 months; 6% of shares in the money; since relisting as GBM; prior history under GBZ not included
GBM RESOURCES LIMITED. underwent a rename from GBZ in December 2025, and all figures below cover only the period since that rename. Between December 2025 and March 2026, its latest share-count filing, ordinary shares increased 8.6% to 4.91B. The company has raised capital once in this period, a A$8.1M placement in December 2025. Options and rights on issue could convert into 437M new shares, equal to 8.9% of the current share count, with 6% in the money and the nearest expiry in December 2026. The company has 2 to 4 quarters of funding at the recent spend rate. No proposed securities issues are currently pending.
Quick answers · 3
When did GBM last raise capital?
The last capital raise in GBM Resources's filings is Placement of $8.1M announced 19 Dec 2025, one of 1 cash raises in 24 months.
How much cash does GBM have?
In its quarterly cash report for the quarter ended 30 June 2026, GBM Resources reported $31.7M of cash and estimated 7.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do GBM's options expire?
Unexercised options and rights equal 8.9% of GBM Resources's shares on issue; the nearest expiry is Dec 2026.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 20 Mar 2026 | 3H · cancellation | GBM : ORDINARY FULLY PAID | 4.91B | Appendix 3H |
| 16 Mar 2026 | 2A · quoted issue | GBM : ORDINARY FULLY PAID | 4.91B | Appendix 2A |
| 4 Mar 2026 | 2A · quoted issue | GBM : ORDINARY FULLY PAID | 4.87B | Appendix 2A |
| 2 Mar 2026 | 2A · quoted issue | GBM : ORDINARY FULLY PAID | 4.75B | Appendix 2A |
| 27 Feb 2026 | 2A · quoted issue | GBM : ORDINARY FULLY PAID | 4.75B | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
1 cash raise in the last 24 months · 1 in the last 12 months · counted since relisting as GBM (8 Dec 2025); prior history under GBZ is not included
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.018 today, 283.3M securities are in the money (5.8% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 375.0M (7.6% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| GBMAN | Options | Price-triggered | $0.069 | 1 Dec 2026 | 8.0M | Filing |
| GBMAP | Options | Price-triggered | $0.061 | 19 Feb 2027 | 4.2M | Filing |
| GBMAU | Options | Price-triggered | $0.009 | 30 June 2028 | 100.0M | Filing |
| GBMAW | Options | Price-triggered | $0.010 | 30 June 2028 | 91.7M | Filing |
| GBMAV | Options | Price-triggered | $0.015 | 30 June 2028 | 91.7M | Filing |
| GBMAX | Options | Price-triggered | $0.020 | 30 June 2028 | 91.7M | Filing |
| GBMAY | Options | Price-triggered | $0.030 | 11 Aug 2028 | 50.0M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
- GBMATCondition-triggered15.0M securities → 02 Feb 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 4 Mar 2026 | Mr. Liu Hang | Other placement | 95.3M | — | — | $5.1M | 3Y notice |
| 2 Feb 2026 | Andrew Krelle | Other | 15.0M | — | — | — | 3Y notice |
| 2 Feb 2026 | Loh Guan Huat | Other | 2.8M | — | — | $42k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.