Gindaldan, your sentiment on GBG seems to fluctuate wildly...
"GBG has the potential to be a monster, but that is a blue sky scenario. Karara is a world class magnetite project, and we have another (but inferior) project, Lodestone, only 50km from our existing Karara infrastructure."
Are you in for the long haul or not? If so, why get so negative because the price hasn't moved in two days and do you really believe another cap raising is imminent? If so, why not exit now?
Lodestone is without doubt an inferior project to Karara but it's a viable project with the neccessary infrastructure within 50KM. If it was a standalone deposit nowhere near infrastructure I agree it would be rubbish, but in this case I think it is going to be developed sooner than you think.
Karara can only supply Ansteel with a fraction of the ore they need so don't you think it would make sense for them to enter into JV's on deposits such as Lodestone with GBG as they would then own 30% rather than buying ore on the open market.
GBG Price at posting:
62.5¢ Sentiment: LT Buy Disclosure: Held
