GBG 0.00% 2.9¢ gindalbie metals ltd

afr article righst issue set to launch, page-19

  1. 5,238 Posts.
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    Bund, they knew about the blowout when the SP was in the high 1.30s and then decide to let the SP slide and raise capital at GFC price levels... Great management.

    GBG had 2 'known' large blowouts within 8 or so months within each other. Blowouts are acceptable, but the way management conducted themselves was not. Everything was fine according to a quarterly, then 2 weeks later they released a 'blowout' in a presentation not announced to the market. Ethical....

    The rights issue is extremely cheap so I will take it up, but that doesn't bring back all of my lost capital. Goodluck seeing $1.485 52 week high anytime soon. Are you happy with this? I am not a trader, i've held this stock since early 2007.
 
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Currently unlisted public company.

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