Ship movements still slow. Projected number of ships for June...

Ship movements still slow.

Projected number of ships for June quarter is 20 for total of 141 for FY2016.

Total export projected to be 8.46m tonnes.

Do you know what I think GBG should do, as we are not going to lose our cash if Karara (KML) goes bust?

We have some $38m in the bank - there must be some gold mines that are desperate for cash. With the gold price averaging $AUD1725 per ozs for month of May and AISC costs in the order of $AUD1000 to $AUD1100, and margins of $AUD600 to $AUD700 per ozs, gold is the only resource stock to be in at the moment (apart from lithium).

And I also understand that GBG was originally a gold miner.

There's still a lot of gold out there!

We have best of both worlds.

If KML survives, then we have that asset (whatever % we end up with), but also a gold mine.

Better doing something rather than letting the cash dwindle.

Iron ore may take 5 years before it gets its act together.

What are other people's views?