27 cents opps thats SDL. Looks like you have lost half of your...

27 cents opps thats SDL. Looks like you have lost half of your $1,000 investment kiddy.

Anyways back to topic. Major I believe GBG wouldn't really care about announcing anything because they have completed their placement to Ansteel at 60cents. They got 39million, they won't need anymore cash. Thus bumping the shareprice with lots of small announcements is not important. I assume they are concentrating on getting Mungada and Karara into play. They know that regardless of what happens now the shareprice will be significant with these in production. It has to be they will a NPAT of close to $400million pa with both projects at a total of 11mtpa (as per BFS). That would justify a share price between $10.50 to $11 at an EPS around 15. But thats being modest as production upside is huge. GBG have a huge production capacity, and all the infrastructure for around 40mtpa (off top of my head) by 2010 (when Karara in production).

To me looks great, all you have to do is wait 2 years.