GBG 0.00% 2.9¢ gindalbie metals ltd

I agree Johnmcgeethey reaffirmed in the quartely two weeks ago...

  1. 212 Posts.
    I agree Johnmcgee

    they reaffirmed in the quartely two weeks ago that nameplate was on target for end of July.

    Play on words they achieved nameplate but they also said that we would be cash flow positive in the september quarter no mention in the update two weeks ago that it is pushed back.

    I think no move on the SP is because of the lack of transparency. Two weeks ago it was all on schedule today it we have reached 68% but not at 8mt so december will be our cash positive quarter. Who is to say that in december they push it back again.

    I am not disputing that we are nearly there but we have been nearly there since April it is getting frustrated.
    we also need to know costing so we can work out what IO needs to be to achieve profits. The price of IO in AUD is good at the momement so you would think that even if we had sent 62% out we would still be profitable.

 
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