Yes the stock did trade much higher than $1.00 once ...in a time full of optimism and the belief that Chinas appetite for iron ore was insatiable.
I reckon we could see the stock at 5 ...10 cents ........over the next 12 months or so ..... providing there are no debt clawbacks in place ..( which doesnt appear to be the case ....or has not been adequately clarified.)
My guess is that they will lose most of tbeir ownership of the Karara project ....as the Chinese partners dont need them ....
I also think the management are a bunch of drones ..... feeding off the cash pile and without any entrepreneurial skill.
The stock price might run .....just because of the climate .....and whats been happening with a few of these companies lately and the sex appeal of Mt Gunson copper gold cobalt project .
Copper is at or pretty close to an all time high right now.
News on the feasabity of that should come out this quarter some time
Cheers
VA
GBG Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
