Does anyone remember a Chinese lady based in Sydney buying mountains of GBG when they were under 1 cent. Perhaps voting power was being purchased. This investor purchased a massive holding. With the directors votes (if they are eligible to vote) I fear the result is already known. I will vote no because I too hold large portion from the days when Gindalbie was a fantastic prospect. Now, for me it is nothing more than an expensive learning curve or bad investment story. Well played Chinese corporates, poorly played Australian management. And what sort of ratio of shares are we going to get for this new (currently unlisted) company? Someone has posted they are in no rush to sell. Im the same. Ill vote no and ill hold, only in the hope that in 20 years time this is more than a tax write off.
GBG Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held