Another thread full of people that don't or worse still won't understand the GBG/Ansteel arrangements.
There is a 100% offtake agreement. If it is dug up Ansteel buy it.
If supply of iron ore increases globally GBG still sell 100% of the Kararra ore to Ansteel. The price/margin may drop but they still sell it all.
We have copped dilution so that we do not have more debt. Gindaldan had a couple of cracks at pointing this out and still appears to be falling on deaf ears.
GBG secured a full berth at Geraldton a few years ago. This is about 1/6 of the ports capacity. Anyone care to guess how many berths the rest of the midwest IO hopefuls have access to?
cheers Surly
GBG Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held
