GBG 0.00% 2.9¢ gindalbie metals ltd

it is not what they would like us to beleive, page-24

  1. 403 Posts.
    i think there was a molehill and its being made into a mountain. (dont make a mountain out of a molehill)

    there was a tailings issue some months back that they released which they thought they had fixed with the rest of the plant and it only became apparent that it still wasnt right when they tried to go to steady production at 68%. thats what it comes down to. they couldnt of know sooner then when they tried to finish the plant 100%

    finance explanation again - the bridging was for FORECAST expenditure to run the mine. slowing production to fix the tailing end means less money coming in (eg ships revenue) so the forecaste of how much cash they need will be higher as less ore going out leading up t full production. thats not hard maths.
    July to December though they plan to ship as much IO as they did the whole of last financial year so they will double their revenue plus some as the IO price is a lot higher.

    we looking at 8 MTPA at this rate IF the plant does not complete tis financial year(it will) - in comparison (to shipping rates) ATLAS MINING last financial year only shipped 8mtpa and they are 90 cents per share. i know they have no debt etc...etc. and they are cash flow positive just. so we not to far to go ppl.
 
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