I think GBG's sp will keep trending lower, until nameplate is about to be announced, regardless of the performance of the materials sector over this period.
In project management, the normal practice is to announce a target date (or revised target date) that includes reasonable contingencies.
The hope is to over deliver, or deliver on time. GBG don't look like they are going to over deliver with regards to nameplate announcement.
I hope my thoughts are wrong.
GBG Price at posting:
15.2¢ Sentiment: None Disclosure: Held