GBG 0.00% 2.9¢ gindalbie metals ltd

Ann: Karara Operations Update , page-14

  1. 5,258 Posts.
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    Market doesnt like it. Fresh lows. No one trusts them most likely. Another capital raising is what the market is saying.

    But what? They probably need a 100m? Would add another billion shares as destroy GBG.

    I'm glad they have some prepayment arrangements. But this is dangerous. We could end up like DML.

    Dog of a stock. Magnetite is tricky... As I said this just further confirms not a single company will bother with magnetite post this.

    Could have been worse but they haven't ruled out a cap raising... Who would of thought we were once worth over a billion.
 
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