looks to this simple mind that Kenso has the best idea on the thread. fold any more money that GBG needs to raise to complete stage 1 into stage 2 capex and retain equal 50/50 JV status.
Gindaldan, if indeed the darkest hour is just before dawn it may be possible to average down at a price in the 9-13 cents range in the next month or two and by so doing help protect that $200k, but you've no doubt thought about this.
i'll certainly be looking to do something like that but with way smaller sums, though i'm not in a position to give you or anyone advice on such matters.
one thing's for sure: this will be the last magnetite project developed in australia for decades.
We desperately need that 68% fe number and continuous loading and shipping asap.
(NB, as something of a nocturne these days, i'm not sure the darkest hour is before dawn. where i live, darkness and night are positively correlated)
GBG Price at posting:
16.2¢ Sentiment: Hold Disclosure: Held
