GBG 0.00% 2.9¢ gindalbie metals ltd

lowest share price in over 7 years, page-33

  1. 5,487 Posts.
    lightbulb Created with Sketch. 8940
    After you spend almost $2bn on a project... and have ongoing manufacturing costs .. I'd be careful in using terms such as 'pure cash profit' ...

    Its like saying you bought property for $2bn and leased it out for a few weeks for a few mil and say you made a profit.

    You have a long way to making your $2bn back and not to mention you have to take into account ongoing manufacturing costs.. which if the price of commodities or $AUD goes the wrong way.. could make it an unviable project going forward...

    If you are going to take a risk.. please make it an educated one.. as they say.. if your going to lose money.. at least know how you lost it.. thats the least you can do to justify your decision. Likewise when you make money. Otherwise you are simply gambling.
 
watchlist Created with Sketch. Add GBG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.