On a first glance the devil is in the detail of the MDA. The Malawi government’s 5% royalty is on project REVENUE not on PROFIT! For example, if the project generates $100mill revenue, and delivers say $10mil operational profit, Malawi government will get $5mil(5% of Revenue) which is HALF of the Profit! And it gets worse because there is an additional 0.45% royalty also payable which is also on the revenue, so Malawi is making more out of this than GBE yet it is GBE taking all the risk! Oh and GBE appear to have to gift Malawi gov 10% of the project for free, which means they receive even MORE of the profits! This MDA seems like a dud deal for GBE shareholders from my first reading of it.
On a first glance the devil is in the detail of the MDA. The...
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Last
5.2¢ |
Change
0.006(13.0%) |
Mkt cap ! $35.14M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.2¢ | 4.8¢ | $27.59K | 557.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11951 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 29705 | 1 |
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| Last trade - 15.37pm 03/05/2024 (20 minute delay) ? |
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Last
5.0¢ |
Change
0.006 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 4.8¢ | 5.0¢ | 4.8¢ | 73929 | ||
| Last updated 15.28pm 03/05/2024 ? | |||||
| GBE (ASX) Chart |