Undeniably bad news - why was it held back until now? Might explain why the share price has been inexplicably soft over the last couple of months while the company kept announcing good news... perhaps some of the big boys knew about the loans that GBG and Ansteel were forced to make to the JV. Its near impossible to keep that sort of stuff secret so GBG would have been better to have announced it as soon as they knew the loans were required.
I hear what people are saying about the price Ansteel will eventually pay for increasing their stake, but I won't be happy unless they offer to buy my humble little holding at that price - thats when I'll believe it.
GBG Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
