Yep, got sucker punched. Never saw this one coming. I really feel for Gindaldan as I have read his posts for many years and know how much time, effort and capital he spent on GBG.
I was lucky having got in when the share price was around $ 1.18 but with not a lot of shares and heavily averaged down after the GFC, selling on the way up esp when they had the $0.93 cap raising. I thought it was safe to get back in the water with GBG with all the good news coming out in recent weeks. I guess I was wrong.
Hopefully the delay in trading resumption is due to some positive announcements on commissioning, iron ore shipments or cash inflows from sales, which typically follow a cap raising announcement. I feel though that whatever the low is after trade resumes, that has got to be the floor for GBG. Hang tight everyone and good luck!
GBG Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
