GBG gindalbie metals ltd
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borrowings, page-4

  1. moremoney2
    2,243 Posts.
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    16/01/12
    09:43
    Post #: 9553543
    buddy they borrowed in US dollars.

    So when aussie $ gets higher it costs more us $ to buy than before. The aussie $ went above the us $ during this period. They budgeted @ .93 Aussie to US but went as high as say 1.05 Aussie to US

    Hence they didn't have enough US$ to cover the Aussie $ cost.

    What annoy's me is the media are quoting 150-200m for the extra finance - why not mention it in the qtrly it has obviously come from GBG.

    Still not happy with how KML have managed there finances on this project
    GBG Price at posting: 58.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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