I still hold some and will buy back at a better price but debt and costs just seem to keep escalating.
I have been a long term holder and am sure the project will be good but at the moment there are still a lot of variables to come into play before money rolls in and debt is paid back.
Last year at a shareholder meeting CFO said 2-2/12 years to possible dividend. We have seen a lot more debt and cost overuns since then. Also at that meeting we were told it wasnt necessary to raise more money that there was plenty spare and that shareholders raising wasnt necessary it was just spare cash. None of these prophecies were true.
Now I will try to get a return by trading.
Cheers Gmac
GBG Price at posting:
$1.02 Sentiment: None Disclosure: Held