Probably sounds like a lot but in reality its only $50 000 worth. Probably not a large sum on his salary. Still I suppose at least he is putting some money in. Helps a bit with investor confidence.
Cant understand this company. I have always been fairly positive about them and have also held shares for a long time.
Lately however havent been so happy. Market cap is approx $480m and yet they have spent approx$2b and are still 9 months away from decent production.
Share price has to go to $2 plus for market cap to equal money spent.
One might expect a takeover except for the fact that Ansteel holds 30% and wants the steel.
Cheers Gmac
GBG Price at posting:
46.0¢ Sentiment: None Disclosure: Held
