I am very impressed with GBG's disclosure on the JV (KML) showing the profit and loss on DSO sales. Gives excellent clarity, also gives me reassurance that they will generate a profit with their proper product and at a high iron ore price.
They made a loss, but again we knew this. And again, the iron ore price crashed and GBG was selling a terrible <54% fe product for the most part. I'm fine with this.
Don't know what planet the poster above is on regarding a profit??
Reading through the rest of the report now. But again, extremely happy with the disclosure from KML's financials. That is some key information ALL INVESTORS should look at. Would have thought this was worth a few cents on the SP though. Guess we have to wait for the analysts to evaluate.
I'll read the rest of the report and take a look at cash positions.
- Forums
- ASX - By Stock
- Ann: Half Year Accounts
I am very impressed with GBG's disclosure on the JV (KML)...
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)