Well GBG was always undervalued compared to its peers. The market never liked magnetite, and the SDL proposal hindered our share price as confidence was shot IMO.
We all thought raising cash @ $1.50 would have been foolish. Then one of the largest crashes in history occured. Just bad luck, nothing else. No one could have predicted this mess.
Despite dilution we should still see a mid $3 share price on Karara production. However it could be significantly higher if Oakjee and production expansion plans are viable and known by the market. We will have the infrastructure in place so I beleive we will receive a high PE rating.
GBG Price at posting:
67.2¢ Sentiment: Buy Disclosure: Held
