I contacted the GBG management, and its the same old story. The price of iron ore concentrate is expected to come down to earth shortly.
Maybe they should check out the latest iron concentrate price of US$133.04 or AUD$191.92/ tonne, even these idiots can make money at these prices.
The orginal financal studies for Karara never expected prices like these.
I told GBG management that I've voted NO, obviously won't hear from them ever again.
GBG Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
