GBG gindalbie metals ltd
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broker reports, page-6

  1. Gindaldan
    5,499 Posts.
    lightbulb Created with Sketch. 1147
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    04/12/12
    14:48
    Post #: 11145134
    Full placement means $100m cash on hand with 1.490 billion shares on issue.

    0.25 x 1,490,000,000 = $372.5 million market cap.

    Less cash on hand: $100m

    = $272.5 million market cap for a 50% interest in Karara. Wow.

    But it seems GBG has really annoyed some large holders. They are dumping relentlessly.
    GBG Price at posting: 25.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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