MFE 0.00% 1.0¢ magnetite mines limited

what is going on, page-65

  1. 247 Posts.

    Good work Elguido, any chance you can extrapolate on the statement below. Firstly, how is GBG not cashed up and since when did it have any debt to worry about? And how will ROY be of much help in the shared cost of Warrieder, ROY's 5 mill isn't going to go far.


    2.GBG is not as cashed up as many believe.The majority of their funding is debt and they need to repay that ASAP...they need as much high quality DSO as they can get their hands on,and the shared cost of Warriedar is attractive.
 
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