I think that a take over is definately possible, although I think/hope that if it was going to happen, it would have happened before the massive refinancing deal a couple of months ago.
Other than this on going issue of a potential takeover, I think the quarterly report was pretty positive. Production up 14%, following a 6% rise the previous quarter. These increases with the lower "confirmed" cost per tonne that was also reported recently must be taken as good news.
If you're a long term holder and down a fortune like myself, there is nothing else you can do but hold on hope it turns around.
Lav
GBG Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held