When you consider all the cash instalments and the amount Ansteel JV partner has pumped into GBG, signing in Australia Sept07 in front of heads of state and the updated refining equipment at Ansteels China site I think the EPA approval is a pretty safe bet. Another cash injection is due early April, why continue to hand over larger amounts of funds when there’s nothing in the pipe line ?
EPA approval is taking too long and holding GBG back IMO, but I believe we will get the green light on both projects, I have no doubts at all.
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
