Mate they are stuffed. Read the bit that says they cannot forecast when they will be cash flow positive. They have NFI what is going on. Or if they do they are certainly not telling us. Also GBG board now appears to have 2 out of three of the directors CHINESE and KML has 3 from three. Doesn't appear to be under our control any more.
Chinese simply want access to the ore at sometime in the future. They do not care about profit. It will be still cheaper than they can get it from Chinese mines.
They have time on their side. BHP and Rio are giving them cheap ore now.. When that runs out they will have their own in GbG. No hurry.
Wish I'd done a Lincoln and got rid of them all.
GBG Price at posting:
2.0¢ Sentiment: None Disclosure: Held
