GBG 0.00% 2.9¢ gindalbie metals ltd

its not what they would like us to beleive, page-9

  1. hws
    613 Posts.
    I have no problems with boards being removed, let all the posters who give a TU to your post tell us what they have done in order to achieve that (apart from beating their chests), and what difference a new board would make considering the following (which I consider is far more important than the board in making decisions on GBG).

    Ansteels complete domination of the project and company, and before anybody starts the anti Chinese bullshit, many other companies would have taken GBG out long before now.

    Ansteel has approx 37% of GBG shares (not sure of the exact amount) so it is unlikely any change will be made to the board without their support.

    Ansteel own 52.14% of the project, so basically have last say in it.

    Ansteel have financed much of GBG borrowings and are helping GBG in present dealings.

    It is not a big step for Ansteel to pull the plug on GBG (finance wise) and pick up the mine and infrastructure in a fire sale, they are not interested in making a profit from the sale of IO but getting it a cost price.

    Be careful for what you wish for in changing the present set up.
 
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