GBG MGX

Ann: Sale of Shine DSO Project , page-12

  1. johnmcgee
    912 Posts.
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    09/12/13
    13:32
    Post #: 12675501
    I read the announcement again and it does sound like they sold it because they couldn't get funding to construct it. Obviously the banks see karrara as a sinking ship. I reckon gbg turned down $40mil in profits to sell it for 15 mil. Doesn't sound like good news for my byl shares because MGx do their mining in house without subbies.
    GBG Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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