As GBG state, the Karara mine is now considered an investment. Returns from Karara are determined by the AnSteel Group. When to invest, how much, everything that occurs and costs on a daily basis is up to AnSteel. They even have the ability to charge for their IP in this business as they are the majority owners.
If that is not good enough, then they need to make a hostile takeover and see if they can get 4+% away from AnSteel so GBG is the major shareholder. Highly unlikely. The other highly unlikely option is to sell down, but at 1.6 cents, I expect that would materialise a massive loss.
Value will be generated by delivering on other projects - Mount Gunson, GlyLeach etc. Time will tell if they can make a return on these ventures.
As probably one of many shareholders underwater, hopefully they can, and sooner rather than later
GBG Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
