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0.00% 2.9¢ gindalbie metals ltd

At 31 Dec 13 total assests were $650m. If you take $640m from...

  1. mc117
    407 Posts.
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    11/08/14
    10:14
    Post #: 13798053
    At 31 Dec 13 total assests were $650m. If you take $640m from that you are left with only $10m!

    Q4 cash was given as $43mm This announcement implies we are going to have to pay Ansteel $33m to relieve us of our interest in Karara!

    That's worse than I was expecting and leaves less than 1c per share!
    Last edited by mc117: typo 11/08/14
    GBG Price at posting: 5.5¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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