Thank you for sharing this response with us. I also note from its quarterly reports that GBG does not receive any income apart from the interest earned in its term deposits. Hence the cash they have which is just over $38M is their only asset at this stage. I would have thought that they should at least earn some royalties from the exports, after all the Karara mine was evolved due to GBG. Little information has been given about the debts of Karara and shareholders of GBG are in the dark about the mining operations. Hence I cannot see the light at the end of the tunnel as I cannot see how "our intention is to capitalise on this platform and build growth for our shareholders." can be realised. This is all rhetoric and has no substance. I have held shares in GBG for a number of years and watched it share price fall from when I first bought at $1.10 to come down to low single digit values. I bought downwards and currently the price is less than 10% of my average. I foresee a total write off and think that it is better to salvage what we can move on. That's my opinion and appreciate other views.
GBG Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
