Black or red at this point. We are reliant on Ansteel to fund this Working capital at this point. Could double your money or be burned. I've lost well over 150k on this. Family members down 200k+.
Utter disaster.
Gbg would have been better off to let that 500m + raised and sit in the bank and pay themselves 500k to 1 mil a year to analyse which of the big 4 banks offer better interest on term deposits lol.
Ah well. We risked the capital. Blow out after blow out, poor management of funds.
Worst iron ore company. Well under performed all others of a comparable nature. Dog.
We also raised more money than all peers. Except fmg but I consider them a different league (ie Bhp and rio club).
Sigh. Where's the scotch? And it's only early morning.
GBG Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
