No one knew the merger was to be announced, except for the large amount of high end buyers at SDL's camp who made SDL climb from under 50c to 76c in the week leading up to the merger. SDL and GBG are both renowned for severely leaking announcements.
I own a lot of GBG and have not sold a single one. I'm heavily in red like 95% of the beleivers here. Most of us are all large holders, and down more than $50k. We all brought into the "dream - GBG to become a worldclass iron ore producer". I still beleive and you won't find better management anywhere except FMG, but they are way ahead of GBG and bigger.
However it will come good. Fundamentally we are stronger than ever. June/July will be remembered by all long term holders forever. A life changing event IMO. A 35mtpa operation in the next decade will make a lot of loyal GBG HC posters multi millionairs.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
