No I haven't sold any toilet paper, I mean GBG script!!
Hoping for a smooth commissioning and for iron ore to pick up later this quarter/Q1 2013. Assuming all goes well this can double its SP.
PP there could be a cap raising, I wouldn't rule it out. If the JV runs out of cash it won't get another loan. Most analysts are also skeptical of this too.
The sooner those ships start filling up with ore the better I will feel. Just need confirmation of cash flow. They better tell us the premium/price the magnetite fetches when they happens later this quarter.
I'm just burnt from this stock, and given the size of my losses I do feel uncomfortable. We are very vulnerable due to our low market cap.
Something like what happened to MBN could happen to us if the iron ore price tanks again.
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No I haven't sold any toilet paper, I mean GBG script!!Hoping...
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