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cl001

03/03/09 2:39 PM

#12641 RE: jwbstock #12640

I started to sell GBG after the PP news. Obviously GBG is not going to borrow from the bank but to raise money from PP to fund the SA mine. Nobody is willing to buy ahead of a hugely dilusive PP. Now at 1 dollar it does look cheap, but it can be cheaper.
I am very disappointed at GBG.
Look at what happened to GBG, AGT did a reasonable job to raise 70 million. Closed just before Macquarie ran into trouble. Otherwise it will be much harder and dilusive.