GBG MGX

Ann: Sale of Shine DSO Project , page-16

  1. jenx
    1,362 Posts.
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    09/12/13
    15:36
    Post #: 12676336
    As I see it GBG owns Shine and has no cash to develop it. MGX have the cash, and are running low on IO. Why not develop it as a JV with MGX farming into Shine? Maybe GBG needs the hard cold cash up front. May turn out to be a masterstroke if it prevents any more KML dilution, and Karara actually works as planned in 2014! Just holding tight this end.
    GBG Price at posting: 11.2¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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