GBG gindalbie metals ltd

a difference a day makes, page-58

  1. 13 Posts.
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    Mr Buffet, you do have it wrong. Essentially if GBG do not buy back the loan, Ansteel would have contributed $60m to the JV more than GBG. Hence their $60m is converted into 4.51%, hence 44c per share. It would have been better for all of us however if GBG was lend the $30m directly from Ansteel.
 
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