I am placing a warning out here re’ this company. It’s not so long ago that Central China Goldfields released a similar statement re’ their “world class assets” in China. I remember the great hulabuloo as gold fever gripped investors.. Yes thousands invested as the news of the yellow metal just lying on the floor over in China gripped investors; guess what happened? The share price tanked to under 2p leaving thousands with lossess running into literally millions. What did GGG do? Well they flogged off their “world class assets Nimu” for a few million dollars and made a sharp exit out of China. Now they’re in Austraila telling us all the same story but with a different name and a new chairman only this time instead of” Nimu” read “Bullabulling” You have been warned!
Tread VERY CAREFULLY HERE.
My advice is if in profit get the hell out!