ann out!, page-54

Roberto36,

I think that what we are looking at is a situation where GBG directors are probably getting all sorts of advice from the coal front so to speak (KML managers). The commissioning of the project is complex by anybody's standard, not easy for any one person to get their head fully around.

What the directors can and do get their heads around more easily is the cash equation. No more than bean counting on a quarter to quarter basis (more likely on a weekly basis for them).

I put a lot more weight on funding announcements as they are truly the coal face at the moment for the GBG SP.

The Binding Memorandum of Cooperation with Ansteel was announced on 2 July 2013 and runs for 12 months. As mentioned in my previous post I will keep averaging down until the quarterly report due out at the end of April 2014. If GBG has not advanced their cash at hand in that report I will be a swift seller of the stock. By the way I have never ever subscribed to the concept of averaging down on shares (normally the best way to lose your money), but in this particular situation I'm breaking one of my golden rules. If they can't get this plant making money by April 2014, GBG is truly a basket case. With the current negative sentiment I'm hoping I can get my average well below my 18 cent target, looks like buying opportunities are coming.

Hope I'm not leading you down the garden path. You've got to make your own call on this one Roberto36. Good luck to you and all holders.


P.S. This is not investment advice, it is my opinion only. Do not rely on any of it. Please do your own research or seek professional advice to suit your specific investment needs before making any investment decision.