I wish you luck! Beware of the CGS stocks, I believe a lot have a T/O price already factored in. My recent strategies have been to purchase pre production coal stocks with high cash backings and top share registries. I have done exceptionally on RIV and very well on CZA. Both no where near offset my unrealised GBG losses however it gives me some comfort.
I'm extremely frustrated with the quarterly, I was shocked we finished green from it. GBG is defiantly not going anywhere for a month or so. 12 month delay...........words can't describe... I'm still a long term believer of GBG and will continue to hold, but there are defiantly better investments around given these delays.
Regardless of what Major has stated, I believe the EPA approval will rerate GBG's depressed share price. Yes, it may be expected however it will give confidence to the market and is effectively a major issue with the CDB loan conditions. Would be foolish to think otherwise in my opinion as a significant concern with GBG has been the EPA. This was evident when GBG withdrew part of its application for the DSO deposits.
No wonder Australia is deemed to have a significant political risk for a mining operation...EPA....This just don't move.
- Forums
- ASX - By Stock
- GBG
- growing up
growing up , page-2
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)