what is the feeling at karara?

Hi kevs,

You have been a real source of information during very testing times for shareholders in this stock. It is a shame that GBG does not like updating the market on their commissioning and ramp up. How is it all going at Karara? Have they brought up any more stages on line yet? It is important this company gets into steady production soon to improve cashflow and reduce fears of another capital raising. Many thanks for providing us with hope when the company has kept quiet. Here's a report i found from an investment house, arguing that pure iron ore producers are being priced too low. Come on GBG bring out some good news!

Investors are too bearish on Australian iron-ore equities says
Morgan Stanley analysts Joel Crane and Peter Richardson. "We think the level the
market is willing to pay for iron ore exposure is far below our expectations," the
analysts say in a report. They estimate that iron ore prices implied by the current
equity share price of ASX-listed iron-ore pure plays, Fortescue (FMG.AU), Atlas (AGO.AU)
and Gindalbie (GBG.AU) are US$107-US$110 a ton. Spot iron ore rose 0.4% Wednesday to
US$145.80/ton.