Actually it's almost 3 times. Gbg now has around 1,492 billion shares. Operating costs and CAPEX significantly more. And a less favourable iron ore price, with a huge amount of more debt.
She won't see $1 again without a share consolidation. Well based on karara anyway. Magnetite commissioning turned out to be horribly complicated.
I think the delay will see this sink further. As I said, I was shocked it held up the day of the announcement.
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