GBG 0.00% 2.9¢ gindalbie metals ltd

real cost per ton , page-20

  1. 5,242 Posts.
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    GBG was not a small exploration company.

    It had a market cap of around a billion dollars for years.

    Infact it had a market cap of about 1.3 billion when it realised it had a second major cost blow out. But wait... It left that for 6 months and saw the share price go from $1.40ish to 75 cents (Market cap 700m) before it raised $200million or so at 0.67 cents 6 months later.... Terrific management.

    This is just one example.

    Now we are 2 months off nameplate production and are valued like a small exploration company or failing miner.

    I've been here for years. I know all of the blunders off the top of my head. Of course I am angry, as should all other long term investors (suckers).
 
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Currently unlisted public company.

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