I am shocked, however the stock will most likely dip when the retail holders get their stock allocation in August. Unless of course the instos buy up the profit taking.
We are not out of the water yet guys. The risk summary suggest a 150-200m blowout due to the FOREX movements. This is tacky, GBG obviously assumed a 0.80+/- exchange rate on their $US600 (half of 1.2b) loan. Another little hidden nasty. Hopefully the majority of the loan is used to procure items in USD, but it obviously looks doubtful.
GBG Price at posting:
81.0¢ Sentiment: Hold Disclosure: Held
