Gmac - they incurred extra cost during construction because it was cheaper to build some elements of higher production into the plant during the initial construction. I thought at the time that it was a sound idea (and still do) - but didn't expect the complete stuff up of stage one.
I don't think stage two has been started yet - if they do GBG will need to come up with more cash :-(
At the time this was all painted by our know SFA media as a cost blow out on stage one - when in fact it was building higher production capacity into the plant to minimise shut down time of the plant and get stage two up and running quicker.
GBG Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held