Don't get me wrong, as a GBG shareholder, i welcome the 50% royalty rebate on the first year of production. it reduces GBG costs
and don't get me wrong on this either...the metrics of the project are so bad that it has to start from day 1 effectively with a government subsidy, a handout from the taxpayer.
oh dear. or as they say in the classics: gawd.
prognosis: life support needed, which it is on.
did you notice in the company's beautifully worded press release how they said the project was completed within its revised budget?
one other thing, if i may, who were the knuckleheads who prepared the euphemistically named definitive feasibility study.
Cost A$2.57 billion; market cap around A$300 million
it's amazing what a difference one decimal place makes in a data set.
GBG Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
