Sweet, this ties in with my information and the proposed $2 a share by years end :)
Commenting on the announcement, Gindalbie’s Managing Director, Mr Garret Dixon, said: “This represents another important milestone for the Project and demonstrates the confidence that we have in the timely completion of the approvals process. A commitment to secure these important long-lead items is essential now to ensure that the project meets all of its critical development milestones, particularly given the extensive lead time required to manufacture these large items of equipment. “There is already a large amount of pre-construction activity with the Project and we expect these orders to mark the beginning of a very busy phase in the second half as we lock away additional contracts and move decisively towards development,” he said. 2 Other major contracts which are currently being finalized for the Karara Project in coming months include: • Front End Engineering Design; • Project Management Consultancy; • Karara mining contract; and • Further contracts for crushing and grinding equipment.
CK
GBG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held