some investors seems get a bit emotional and over reacting. the company is in production and selling, and is in the finial stages,Millions of dollars coming in. besides Ansteel will buy every pieces of iron ore from it for life.
GBG needs sufficient liquidity to run the company incase any unexpected events. as the profits from sells of iron ore will not go back to GBG until such time all debts are sort and done. ( dividends will then distribute between partners-GBG and ansteel ).
After the cap.raising, GBG will have over $ 100 Millions in bank. it will be sufficient for GBG for another three years, by that time GBG will be a very strong iron ore producer with hundred of millions in cash.
We know about those schemes so why get emotion, lets get over it.
Smart investors will wait.
GBG Price at posting:
29.5¢ Sentiment: None Disclosure: Not Held
