This company looks remarkably like Bandanna but yet to firm up their JORC for their resources. BND and GUF are mainly held by the founders with 80%-95% held by a small number of shareholders.
Is this going to be a better play than BND? BND is looking to sure up some port access and has done the bulk of their proving of resources. I think they'll have money coming in before GUF.
That being said I have only just started looking into GUF, does anyone know if they have begun the long process of getting port access for their coal? How close is the infrastructure to their prospective mines?
I do like the fact they have plenty of money in the bank. I'll definitely be keeping my eye on this one but think that BND is looking a little more advanced than GUF. As they say DYOR and this is just my opinion.
Disclosure: I hold BND (among other things)
GUF Price at posting:
41.0¢ Sentiment: None Disclosure: Not Held
