Just hard to see GBG fulfil it's commitments. No doubt this mine will start producing 68 Fe% in the near future but at what percentage of GBG stake in KML.
I have a feeling come next year, GBG will need further working capital up to March before being cash flow positive.
If Feasible study for stage 2 is attractive, no doubt Ansteel will want to ramp it up to 16 MTpa. Ansteel knows GBG can't afford any ramp up whatsoever leaving further room of taking over the WHOLE project.
They should just buy out GBG with all the funding they've injected into GBG and retain THESE AMAZING WEALTH CREATION DIRECTORS !
GBG Price at posting:
14.0¢ Sentiment: Sell Disclosure: Not Held
