I reckon the tier one company FIRB applications (i.e. RIO & FMG) should be rejected as they have weight in contract negotiations where as GBG is just small to mid tier company so they should expedite the FIRB application.
OZL should also be approved because there is no other option for OZL.
However I can understand why the FIRB are dragging their feet. There are so many chinese companies buying good Aussie assets while they are at rock bottom prices. Once the chinese buy enough companies they will have a great influence on commodity prices and I don't think that is a good thing. No one country should be able to control world products.
One thing I don't understand though is why the environmental approvals haven't gone through. The application has been over 1 year! The stupid greenies better stop stratching their @$$3$ and do some work. Geez if it took me 1 year to do something simple like that I would get sacked.
GBG Price at posting:
51.0¢ Sentiment: LT Buy Disclosure: Held
