ann out!, page-31

Sdo:

GBG is a separate entity from KML. This is a basic concept all should be aware of. Cash flow report is that of GBG. Not KML, whom GBG have a minority interest in. So all you will see is GBGs equity contributions into KML, which will now basically be 0. No one knows KMLs cash flow position, however I assume it's dire. And yes KML cash burn is around 75m or so. Might be more, especially when you consider further CAPEX additions.

Today's announcement was a dog. Surprised this didn't fall further. Another delay... Yet again... This was suppose to be operational a long time ago. Also shows the DSO, isn't very profitable, or profitable at all.

Turning out like CITIC's project. Well not that bad, but the delays are really stacking up. Final CAPEX anyone?

Debt pile is stacking up via Ansteel. Not good.