Thanks for your post G181...seeing the mining cycle so simply presented brought some objectivity back into the equation for me... hopefully also for those others who've continued to hold as patient long-term holders.
Not to give much back to management ... they HAVE made a right mess of things but they're not the first and won't be the last on that front. Anyway we are where we are and the job for them now is to mitigate the risks while also looking to improve the project where possible.
As we're in the 2nd last phase we happen to be seeing some of the general downsides that occur during this period, compounded by what's going on across the rest of the globe.
Upon the next open, I won't be surprised to see the shares sit down around .67 however I suspect this should only be relatively short-term - perhaps a couple of weeks.
I suspect on most counts the mining life-cycle will still play out and we'll eventually (early 1st Qtr 2012) start to reap initial benefits before seeing larger gains as production gets fully underway.
Make your own decisions but for now, I'm happy to wait.
I would however, like to hear what George Jones has to say to retail shareholders who've supported the company to date...like others I've held since 2007 with a relatively small holding but have accumulated over time and believe a word from George now or at least very soon would show some decent form.
GBG Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held
