the good, the bad and the ugly, page-3

From their AGM presentation, KML is expected to be cash positive in Q1, 2014.

I can't see too much going wrong for GBG given that the IO prices have been steady in Aussie dollar terms, and production for the their December quarter was expected to be 1.3-1.5 Mt of concentrate and 2.4-2.6 Mt of DSO.

Plus, the agreement for the sale of Shine is on the cards. They hinted that they needed more cash for upgrades to help with production but I would suspect that this will be out of operational cash-flow. They were sitting on $35 million before the sale.

Their assessment report about the production problems is scheduled for the March quarter, so I can't see them having already solved the problems. In my opinion, their 12-month outlook appears very positive.

The more I read into these guys, I think they have turned the corner. Hopefully, this next quarterly has no nasty surprises and GBG can start to form a good basis in regaining some of its valuation.

Sometimes a dog is just a dog, yet other times it could be a Red Dog.