The plant is under appreciated asset within the HGO valuation Plough, so anything is possible. It would be far sighted of the current Board to do what you suggest and I am not sure to many investors would appreciate it in the short term. Then again if you can get them for just "cash backing" what is there to lose ?
Knowing GBG you would need to fully understand if they have any possible guarantee payments that could be called in from Ansteel in relation to the iron ore mining operation.(KMC)
HGO Price at posting:
8.7¢ Sentiment: Buy Disclosure: Held
