Hi Guys,
I have been following GBG for about 12 months now.
Though it is sad story, i believe there is a slight chance the company may survive.
The current market Cap:$90million
Ansteel owns 36% of GBG and 50% of KML.
It is becoming comprehensible that Ansteel will convert the GBG debt into 62% of KML, if that is the case, GBG will need to fund KML with only a maximum of 38%(of $150-$200m)which is $57m-76m.
A further shares dilution is unavoidable, but works best for the shareholders
I will be keeping an eye on how things evolve.
Good luck to all
bouhr
- Forums
- ASX - By Stock
- GBG
- a word from the ceo
a word from the ceo, page-7
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online