GBG
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0.00% 2.9¢ gindalbie metals ltd

have asked this question a few times and never received a...

  1. strauss
    22,120 Posts.
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    24/01/17
    18:03
    Post #: 22112810
    have asked this question a few times and never received a definitive answer but does anyone know how the Karara JV works?

    My assumption is that the Chinese funded it at a loss for some time so have first right to recover all costs before GBG see any profits

    either way continues as a 2.5c cash box assessing new opportunities with an investment in a significant Iron Ore mine Karara which I think the board should consider selling to JV partner for a decent cash amount
    GBG Price at posting: 3.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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