gindalbie metals - a rational analysis , page-5

I understand your doubt, Bundy_Too. I do not have anything to hide. I found this site 2 months ago and keep reading for a while. I decided to join yesterday as I was getting frustrated by irrelevant/"stupid" posts.

I am a small GBG shareholder: 150.000 GBG at an average price of 0.177 . I am losing, but not much - I would invest more in GBG if I could. Profession: student/call center operator (part-time). My brain and humble knowledge are my credentials. I will leave here others to judge them.

Gindaldan, I understand your concern. But if you read my analysis, you would also understand that, at least from my point of view, GBG is simply "indestructible" because of Ansteel and, Ansteel will keep lending them money without limits, in exchange of, probably, a bigger stakes or a VERY favourable interest rates. It would be too costly for Ansteel/China to walk out from the project right now and it would be too costly for them to take over (an Australian partner is clearly needed for political and "logistics" reason). I do not see any risks for GBG not to "survive" - they will do need some time to buy back debts, that is for sure - but debts are nothing when you have a cash machine like the Karara mine project will very likely be (and this is the opinion of Ansteel too, clearly).