GBG gindalbie metals ltd
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a difference a day makes, page-51

  1. MrBuffett
    59 Posts.
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    01/05/13
    14:40
    Post #: 11709296
    Ok, last post from me as doesn't seem people appreciate hearing the truth.

    This is simplest I can put it: If GBG pay back $30m loan, nothing changes in JV. If GBG doesn't pay back $30m loan, Ansteel get additional 4.51% of KML. If you accept that, you will accept that 4.51% of KML is worth $30m and GBG SP would be value around 22c.

    I'll be quiet now.
    GBG Price at posting: 17.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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