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I'm not a shareholder, but if I was one now, I think there are other stocks that have better growth in the near to medium term. I wouldn't take the risk on investing in this company now for the long term as there is quite a large execution risk. Also there are many risks that the company can't control.

GBG pre-merger is a fantastic company. But with an expansion of capital 200% more that what it is today, all that expectation of attractive near term earnings is now pretty much gone out the window. That's what a lot of analysts used to recommend this stock. Now a lot of these brokers will take an opportunity to sell GBG. They invest in this company because it is one of very few new iron ore companies with pretty secure earnings. This company is fantastic! Now they'll go back to their clients and wind back their position because the risk to share price has increased. Now they'll tell there client there isn't the earnings to support the share price and that its pretty much peaked in the short to medium term if the merger goes through.

It's using the same strategy as Terramin (TZN), one smaller mine, one mammoth mine. The only thing is TZN didn't get their asset by merging at high prices.