I agree with you 100% regarding restructuring of their loan. May be we should write to the company and suggest this to them. It is possible at the time of borrowing, some people within both GBG and Ansteel have benefited indirectly from such a loan arrangement. Perhaps very handsome commissions. Who knows.
I am thinking of getting some legal advice regarding miss-management and miss-information of last year. When I asked the question regarding the cost blowout last year the share price was $1.34 and they assured me that what they have raised back in June 2010 would be sufficient and no need to dilute share price further. May be a class action would be appropriate.
GBG Price at posting:
63.0¢ Sentiment: ST Buy Disclosure: Held
