re: Ann: Confidence in Gladstone Steel Plant ... Gizard ,I have been a holder since the Ipswich days too.
I can understand the benefits however of the shift to Gladstone with close proximty to a deep water harbour,allowing the cheaper costs for importing iron ore and exporting product .
Not to mention the existence of local resources of Coal and Limestone.
This was a credible shift.
However the continued delays ,turnarounds etc is denting the confidence of shareholders.
There are large holders who prefer to short for the present time,with limited success because of the lack of liquidity.
They will buy in later when the sp's next to nothing.
I am sure if the shares were more liquid a lot of us would have deserted this ship a long time ago.
Ann: Confidence in Gladstone Steel Plant Project , page-11
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