outlook for 2009, page-12

Stitches, some posters here would have you believe the company is worth nothing. I am an ex holder of the 06 Beef Cattle project and I don't like what the coy has done to us, but to suggest GSL is finished is very premature to say the least.

According to the company, the shares have a net asset backing of $1.14. Even if we discounted their valuations by 50%, we'd still be left with an asset backing of 67c. Someone is taking advantage of the current bad sentiment and the fact that a lot of new share holders may be fooled into giving their shares away for next to nothing.

Will it remain at these low prices for ever, I doubt it?