Dear GBG Holders
I hope whoever goes to the AGM this year voices strongly the dissatisfaction we all have with everything to do with this
company and KML. GBG have approx. 35 million in the bank which I fear now is used purely to prop up management costs
KML has been nothing but a white elephant with Retail holders and Ansteel pumping billions into the infrastructure
With all the highly experienced engineers spending nearly a year to assess the problems with this plant it is still not
functioning as it should..It took less time to build this massive site than to rectify the faults and now the faults are costing as much as the plant cost to build. All they have done is repeat the disasters of SINO which has now cost something like 10 Billion.
I'm sure management are aware of the falling share price and in my opinion it is very much undervalued due to the falling I/O price so why aren't they saying anything, simple it's because they have nothing positive to say.
I unfortunately can't make it to the AGM but I urge anyone going to ask the hard questions.
I ring GBG every month to ask what's happening and the one answer I get is that they are trying hard to ramp up production of the 66% stuff while assessing the plant
Hooray 2.4 cents today How much lower? zero I suppose
I wonder how GJ feels about his investment He has been involved with 2 duds so far
Well enough said I feel guted
DYOR always I wish I did more
GBG Price at posting:
2.4¢ Sentiment: None Disclosure: Held
