GBG
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0.00% 2.9¢ gindalbie metals ltd

Ann: Quarterly Activities Report, page-9

  1. The Mole
    948 Posts.
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    25/01/17
    11:23
    Post #: 22127744
    The reason that KML has been valued at zero in the GBG's accounts is because up till this last quarter KML was losing money at the rate of probably $US200m pa, maybe more.

    If Donald Trump starts to invest heavily in infrastructure in USA, then steel will probably go due to demand and as a result magnetite will increase in price.

    If KML gets $US120 a tonne, GBG will probably revalue its investment in KML.

    A lots of "ifs". But anything is possible.
    GBG Price at posting: 3.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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