SDO
Yes I am aware of the adjustment for grade. As far as Im aware its not exactly 20% but based on the ore content above 62%.
I am concerned about the paragraph that says all will be reviewed after one year. Its a bit short on detail.
GBG is not in the hait of releasing much news to retail investors.
I like Gindalans posts. He always backs his analysis with figures. He has a good long term grasp of the company. AS he says they WERE a good investment a few years ago for retail investors. IN the last few years they have just about doubled their debt, put production back nearly 3 years and doubled the shares on issue.
Nothing has run on schedule or on budget. Keep posting Gindalan. I like to hear all points of view. You also never get personal as do some others.
Cheers
Gmac
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