new announcement .. funding proposal, page-76

Strike Resources (SRK)

Also did a similar thing. They got a russian to buy in at $2.75 1st tranche when price was well of its high of just above $2.75. Price was somewhere in the $1 range.

The raise had no effect & the SP feel further & then the financial mess was the boom at the end of the wick. The share price is now approx. 50 cents with a high of $3 only moths ago.

SRK also has a much lower shareholding than GBG.

Basically even though the finance was there the market still said the project is far away, alot more expensive & the world fell apart. In the end the russian pulled out of a planned 2nd payment.

I am trying to relate this to wether GBG will open up or even move at all in relation to the price Ansteel are offering. There will be no guarantee. Basically the market is valueing GBG extremely low in todays market. Just because some one pays overs doesn't mean the market will agree with them & accordingly move the SP. There needs to be value in the raise. Obviously there will be the settlement of KLM now & it should be all systems go. But will the market agree or care?
IO is not the flavour it was they have changed the ingrediance LOL. We know that Ansteel will take 100% of the product so that is a great position compared to MGX. Will the market see these obvious things or will they say No EPA's Yet, No Oakajee Yet, No income for x Years, IO demand slow (Even if irrelavant) & the loan is still not secured. All these will effect if it moves to the price Ansteel offer or get.