Given that GBG has just taken $30m out of Karara, courtesy of Ansteel, I'd say a CR by GBG is most unlikely. It seems to have been accepted between the JV partners that Ansteel is carrying the cost over-runs from here. Further dilution, therefore, is much more likely.
I guess the question on investors/punters minds at this stage is whether GBG will ever see a red cent out of Karara without selling the whole damn lost to Ansteel. And the question then is at what price?
The MC at $164 assumes some residual value for GBG in Karara. The SP will girate as analysts vary what and when they think any realised value might be.
- Forums
- ASX - By Stock
- massive after close trade
Given that GBG has just taken $30m out of Karara, courtesy of...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)