Another positve way to look at this situation is Woodside, the North West Shelf gas venture they operate was originally 100% theirs. There were serious money problems to the point where the companies own president put his hand in his own pcket to keep the dream alive. The gas project now has 5 parteners most of them big players including Shell. Woodside had to sell of its stake piece by piece untill it started making money from 100% down to 16 % that it currently owns now. Was woodsides stratagey any good ? judging buy its $41 dollar share price its huge Woodside building in the perth CBD and the fact it accounts for 40% of australias energy exports I would say ABSOULTLY !! I know GBG is Iron Ore and all that but im not asking for $41 maybey we could aim for $5 one day ))) Have a great day and think positive !!
GBG Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
