I know that the companies have nothing in common, but the scenario is similar to what I went through with Billabong last year when it was getting squeezed regarding its debt and financial position going forward. I was able to trade in and out for a healthy profit on all the uncertainty. The SP there is now X5 above its 'the sky is falling' lows. GBG is in an extremely vulnerable position, no doubt. Anyone who says its all over though is being premature. One does need balls of drop forged steel to remain a holder. However, the SP fully reflects the reality. Plenty are taking a punt that KML has a future with GBG in it.
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