Well according to today's AFR article GBG is not selling it's re to Ansteel at present. This is because the contract is for 68% grade, meanwhile it is only 62-63%!
No big deal I imagine, it'll just be sold on spot I assume.
Also 30% of Karara's ore will be sold outside of Ansteel, unless of course they can't find a buyer and then it'll go to Ansteel as they are 'contracted' to buy it all.
Never knew this.
This sucks. GRR, MGX, AGO and FMG all rallied. GBG NOTHING.
GBG Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
