As a partner in this enterprise GBG should be receiving it's share of any profit now being made - Karara has all the debt, not GBG. The Karara enterprise should be paying off any of its debt with its own share of the profit - which in effect is Chinese State Money. This enterprise would never have been allowed to get off the ground as 100% Chinese owned. Someone was asleep at the wheel when this deal was drafted if the private investors in GBG have to wait till all Chinese debt is paid off - FMG have debt - but are still paying dividends to shareholders.
GBG Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
