I agree. But I am lacking funds. I purchased a truckload of GBG around 50-53 cents to average down, which swiftly rallied to 60-70cents, but now in the red. As long as the operation is profitable enough to pay debt/interest we will be fine.
Hopefully this FOREX loan blowout is sorted soon and final confirmation of the CAPEX puts a green light on us. If iron ore holds around the current price GBG is cheap as chips.
Although I wouldn't be investing in any high capital greensfield projects at this point in time. Stay with the producers or near term producer stocks.
STO, GRR, AQA and to a lesser extent AGO (pending what rail deals etc it can get) all face huge CAPEX requirements and most likely blowouts.
I agree. But I am lacking funds. I purchased a truckload of GBG...
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