Ann: Karara Operational Update , page-12

I'm not a knowledgeable stock market player, but I am heavily invested in GBG and my average is down to 40c cents. Rather than dilute our shares by selling more of the Project to Ansteel (this will happen people!), why can't they do the 5 to 1 purchase option to existing shareholders where you can buy 1 share for every 5 held.

I don't mind investing more in GBG for the long term game.

There's no point in a company to have so much money borrowed that when the plant is running at full capacity it doesn't cover the interest.


I do like the idea that Stage 2 get brought forward whilst they sort out this other stuff. Then it can work in parallel and eventually bring the whole project up in the 9-12 months we will be looking at.