The power point slides for the AGM confirmed that GWR is just a waiting game until port access is in place. I also suspect that iron ore prices have to remain moderately high to justify transport costs.
If anyone went to the AGM can add to this please post.
GWR have $22 million in cash and a market cap of only $36 million. With at least 130 million tonnes of high grade iron ore GWR represent immense value for longer term investors.
GWR Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
