I sold also yesterday after holding for 8 years. I am disgusted in myself and GBG for expecting this to be a winner and blindly ignoring others who saw the writing on the wall. Bought at the top and sold at the bottom.
But the risk of going under is too high now to hold on.
As someone else said, how the hell can they pay back the amount being borrowed. And when will the borrowing stop.
Will they need another 300 million in a coupla months time .
What an absolute balls up this plant has turned out to be.
And what wonderful timing as usual to bring out your 6 monthly when iron ore is getting caned .
Seriously pi$$ed off.
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