It is not a disaster. GWE was always a coin flip and, it would seem, it has not come in. However, if there is Fe down there in the South, then there is always the Northern target.
But putting GW aside, there is still a lot going on in this company with a load of other prospects and ambitions to build up mine services. The big guys have backed it and want to create a ambitious new venture. They have a load of drill prospects and have decided to build something. That means there will be money to back it. A negative result at GW, and any initial indications of Fe down there, would be a positive. The BoD owns 27% of this company, have all their mates in it, and will therefore make sure it succeeds. Smart thing for them to do now is to put a new cash project into the business, so they can form a base and build.
Not ideal, but this stock is coming back into the buy zone.
M4M Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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