excalibur, I agree with you. I think we all should calm down a little. There are so many speculations and theories of take over, capital raising, Mrs K Jones buying, t/o SDL , FMG etc. Some of them I see NO connection with GBG whatsoever. These are the facts: GBG has long term commitments with over 2 billion invested. Ansteel wants the resource and would take these ore for 30 years or more. Do not compare GBG with MMX. MMX could not even get off the ground. GBG is in production already. Do not expect 100% perfection from the start. Being a system person, I know all new system has teething problem. Seeing what is report from GBG, I think they are doing very well. If my system implimentation is going as well as that, my boss will be cracking the bubbly bootle. Remember, this is a hugh complicated system. Kev can confirm?? GBG's risk compare to many like SDL etc are very low now.As the previous chair's comparison, it is the pocket size of the footballer compared to the size of the football field. GBG has cheaper loans from Chinese bankers. GBG came along way and the seed of success is just sprouting. Let us give it a chance to grow. Kev had been very good in supplying on site info how green the shoots are turning. Thanks Kev. GBG now has added gov't concession where as many others will not benefit because of the time frame guide line. Some mentioned about huge debts. So has FMG and others. As long as management manage it properly, things will look good and we will hear "GBG has lift off". Why the SP is so bad??? I can sympathise with you all because I am in the same boat. But remember what the great Warren B says: Buy when they suffer the pain. Sell when they feel good. GBG is going thru pain at the moment. Speculators, shorters and all the 1,2 ,3 shares CX XT trades are going thru (which is most annoying) because these guys know there is pain here. They will play this game to suck as much as possible. See what JPM did? One week, downgrade GBG. Few weeks later, upgrade GBG from underweight to neutral. What??? Analysts????? You know they are now having a belly full of GBG share. Why do you think institutions have analyst?? To make money for them, right?? I am glad for this discussion board. Thank you HC. But guys, use it to draw you own deductions with facts spread before. Go away and enjoy some fresh air. Come back in a few months time when they is actual CASH at the door. Hopefully, we can all be laughing to the bank. (This is not to be taken as advices for investing in GBG. DYOR)
GBG Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held