GBG is at present is doing due diligence on a number of projects...

GBG is at present is doing due diligence on a number of projects in the base metals area.

At this stage they have not found one which is satisfactory. When they find one they will advise the market and hopefully GBG will be re-born again. But whether it will get to 30c (MC of $520m) is unlikely.

I still think they should get into gold, but they seem settled on base metals. Maybe because they were a gold producer previous to KML.

In 20 years time KML might make some money and if GBG maintains its holding in KML then maybe value could return. But with debt in excess of $2b not quite sure if KML will survive with GBG as a shareholder.