GBG 0.00% 2.6¢ gindalbie metals ltd

Iron ore miner cuts jobs, page-9

  1. 2,204 Posts.
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    Gingdalan
    I will attempt to explain the value in GBG, but please don't take my head off.
    I bought this down to 2 cents because this price is less than cash holdings

    I think this project has very long life, and current IO price is temporary. It will improve as long as Asian people attain more wealth, and I think this idea is bankable.

    I think Ansteel will carefully move to full ownership , eventually, and they will repay GBG shareholders a very small proportion of their very large investment---this may be as little as 5 cents a share
 
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Currently unlisted public company.

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