it is what it is

From GBG annoucement 2 July 2013

"Further to the ASX Announcement of 10 June 2013 regarding the restructure of the Karara Project and funding arrangement with Ansteel, Gindalbie Metals Limited (ASX: GBG – “Gindalbie”) advises that Karara Mining Limited (KML) has received an $84 million cash injection from Ansteel, representing the first instalment of bridging finance to cover Karara’s working capital requirements.

Under a Binding Memorandum of Cooperation between Ansteel and Gindalbie which has now been concluded, Ansteel has undertaken to provide bridging finance to KML to fund forecast cash requirements over the next 12 months."

OK it would be nice to be updated regularly on the progress of the ramp-up, this is not the way it rolls unfortunately. The above says it all. We have been told. This is how our management play it. It is what it is. Enter at own risk.

You can vote with your feet if you like, its a free world.