If Grange can make $60 million profit (NPAT) in six months producing just 1.2 million tonnes, then think how much profit Ansteel is making with the current iron ore concentrate price still sitting at US$145.05 /tonne. AUD$200 /tonne.http://www.custeel.com/en/csi.jsp
Dopey GBG shareholders sell their shares for a pittance, will they be sucked in again by GBG management again?
Not likely.I wouldn't touch any stock that GBG management are involved in,EVER.
GBG Price at posting:
2.9¢ Sentiment: Sell Disclosure: Not Held