re: Ann: First Premium Quality 68% Fe Magneti... They told us already in the last funding update
“ to fund forecast cash requirements over the next 12 months”
No one wanted to read the words. Expect second tranche of loan as foreshadowed in last funding update.
18-25 cents in January 2014. I'll stick to this prediction, although more likely later.
Forget about ships, nameplate, concentrate grades, shorters, bots, insider trading and RDD.
As I've posted before the only thing which will get the SP moving seriously forward is when the company can demonstrate FREE CASH FLOW.
Still working on my 18 cent average. Now at 25 cents and can see more good buying opportunities over the next 6 months.
If we are not cash flow positive 3 months before the 12 month funding agreement is up I will be a seller of GBG.
Read between the lines people.
P.S. This is not investment advice, it is my opinion only. Do not rely on any of it. Please do your own research or seek professional advice to suit your specific investment needs before making any investment decision.
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