its not what they would like us to beleive, page-5

My knowledge is from being in the exploration industry since 1975, can't help being aware of those and other projects. I occasionally peg/apply for tenements purely for the purpose of selling off to companies. I am well aware of how the industry works. My own view of most management and boards is very low. GBG is no exception.

I believed GBG would pay me back very well and the risk was worth it. I was wrong - I remain in as I believe (still with risk) that there is more chance of SP doubling than others.

Early in the year GBG put out a buoyant announcement when they had 7/10 of the circuit running, since then there have been 2 updates which have flagged the problems and also an announcement about the litigation, which is all to do with the plant. I don't see them hiding anything unless they knew of these problems before the first announcement, at which time they had not commissioned the polishing and tailings areas. Much of the drop in SP has to do with the negative belief in the IO market and most of our peers have felt it as well.

You mention keeping an eye on announcements, one poster who had a go at me stated "Ansteel's 51%" and another "Ansteel 52.14% for $30m" - both wrong where are they getting info from?

I'm not supporting GBG management/board, I am saying that investors should have been aware of the risks in this company. Someone talked about risk evaluation for the plant - what about doing a risk evaluation when you buy shares.
GBG risks
New mine/plant design add 25% to capex.
Opex is very likely to be higher
No income whilst building
Will need to go to market or CR if any problems (likely)
Single commodity - in trouble if sentiment or price drop.

Looked high risk to me.

As I said not supporting GBG but questioning how investors were not aware and therefore responsible for the risks no matter what the board said.