When you do a comparison of GBG with other I/O's see list below, They have all done comparatively bad, many shareholders are doing it tough in the resources sector at the moment.
To try and relieve some stress I sent another email to Michael asking for some indication of GBG's progress and he indicated the following
"The negative sentiment towards resources in general, and iron ore in particular, is the worst I have ever seen it." He also indicated to me that there would shortly be a further operational update. Lets hope it is a positive one!!
Five year peer comparison
Fortescue Metals Group Ltd Current 3.450 High 13.150 YTD -26 1 YR -30 2 YR -45 3 YR -20 4 YR 30 5 YR -64
Atlas Iron Limited Current 0.83 High 4.37 YTD -54 1 YR -63 2 YR -77 3 YR -65 4 YR -44 5 YR -79
Gindalbie Metals Limited Current 0.145 High 1.870 YTD -42.00 1 YR -69 2 YR -85 3 YR -86 4 YR -80 5 YR -88
Mount Gibson Iron Limited Current 0.485 High 3.78 YTD -42 1 YR -52 2 YR -75 3 YR -70 4 YR -37 5 YR -86.00
Grange Resources Limited Current 0.175 High 2.600 YTD -50 1 YR -63 2 YR -74 3 YR -70 4 YR -75 5 YR -90
GBG Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held