What was it that GJ said "Everone is watching Gindalbie"
With $0.028 per share in cash, the KML stake and everything else has been valued at $0.03 per share or just $45 million which has been too low. I believe also that KML must be worth at least 10-15 per share. It has been a reason not to sell and management my guess also is going to realize that value.
GJ’s share averaged $0.20 or a little higher if that gives anyone a little bit of confidence. The last time GBG lost some of KML the price off memory worked out to be something like $0.35 once converted into GBG shares. That transaction was far higher than the ASX price of GBG at the time.