Paps you're right, I am unbelievably annoyed. This company has been renowned for terrible timing with capital raisings (selling out cheaply), but this one takes it. The deceit from Dixon hiding that blowout was utterly disgusting. I'm glad he got the boot, however it doesn't make me feel much better.
Great, it looks like we may be raising at 60 cents now, ie the level Ansteel bought it's first 12-13% stake of GBG back in 2007.
I can't believe my eyes, 700m market cap for a 10mtpa production scheduled less than 12 months away, not to mention the world class infrastructure built. Wow, just wow. One would think we are in the GFC mark II given the SP.
The only thing which has been out of their hands is Oakjee, but that should not have decimated our share price this much as we are not dependent on it until post stage II of 16mtpa.
I think its about time I contact GBG again with my fury.
GBG Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held
