ann out!, page-9

Overspend is $75mil per month from Easter. Ansteel is footing the bill but they get paid back plus interest from mining once cash flow
Positive -> no dividend for as long as there are delays x 2.. Sounds like it could be delayed beyond December as well. First they say will be finished in December then they say it would be stupid to expect works will be completed to our december target because we willl make more f&*k ups.(paraphrasing).


Anyone have a fair reason why they didn't tell us commercial production wouldn't be reached until December until today? Seems like they would have known this months ago as a minimum if they are actually involved in managing / ownig this karrara project. Only say this because we always know about delays on our mine expansions projects up to a year before they happen so it seems very strange that gbg didn't know