I certainly don't believe its because management have failed to deliver. My understanding is that TPG took part in a placement at 88c sometime in 2008. This was when GBE were purely a uranium play. As we all know, this is now not the case and as a result they may have decided that its not for them.
However i do remember someone recently posting that they spoke to management at TPG who stated that as a company their investment strategy has changed and they are off loading smaller capped companies in favour of bluechip.
Whatever the reason, it has put extreme pressure on GBE's SP so hopefully they will soon be out and the SP can move back up to more respectable levels.
GBE Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
