the reason for shifting from ipswich to gladstone is mentioned in BGD's 30 june 2008 announcement:
"On 3o June 2008, the Company announced its decision to move the expanded Australian Project to a new location near Gladstone/ Queensland. The project site has excellent infrastructure. It is close to port, gas, power and rail as well as to some essential raw material sources. The previously selected Ipswich location was not large enough to accommodate the expanded project, which now includes a pig iron plant."
BGD Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held