New MD has a very shiny CV. I suspect GJ has had to step in and sort out this escalating mess as CFO and MD have fumbled through their roles. I would expect GJ will once again step up to plate and oversee Ansteel funding requirements and predict they won't receive any cheap shares.THey never have.
What concerns me most on this cost blowout is posters reference to 30 % blowout on 2billion project equating to $600m. Given a large swag of money has already been spent and work done are people thinking the blow out is really $600m on the value of work to be completed ??
GBG Price at posting:
$1.01 Sentiment: LT Buy Disclosure: Held
