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14/03/18
12:56
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Originally posted by valueadd
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Yes more good news for GBG - so does this mean Ansteel have increased their holding percent in Karrara ? - I couldn't see any reference to that in the report - although admittedly I did ony skim it .
I suspect any slow shipping may be simply a temporary situation to do with the general supply chain and stocking requirements at the receiving end ( or maybe some maintenace / issues at the Karrara delivery end )
Being cynical Ansteel might be wanting to slow things down at Karraar - for purpose to talking things down - when negotiating with GBG over the future ( LOL )
GBG seem to be taking a very slow road on the Mt Gunson project . ...which is reflective of what seems to be a caretaker management with his company .
In any event - the next few quarters will roll by , and in my view nothing has changed - some great upside in this stock .
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Problem is that Trump has stuffed the price of FE ore by imposing tariffs - the price is a steep drop after sitting at over $AUD105 for most of this month.