GBG MGX

technically this is a form of joint venture if you want to...

  1. KingVox
    403 Posts.
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    09/12/13
    16:50
    Post #: 12676823
    technically this is a form of joint venture if you want to stretch it that far. the 62% price mark they are using is in Aus $ which is a brilliant win for us. 1 ship at 65000 tons with IO at $140US/62% current price will get GBG $350 000. thats a brilliant win and to get that $450000.00 AUS GBG just sits back and does nothing. take 3% off for 59%IO = $436000.00

    How can this not be a WIN.

    Management have done a good job on this. almost none of you wanted GBG to outlay money to start Shine so management do this WIN and ppl are whinging. get real.

    If i had capital spare i would be buying.

    dyor
    GBG Price at posting: 11.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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