GBG gindalbie metals ltd

Something out of a news item i came across, now i can not get...

  1. 2,100 Posts.
    lightbulb Created with Sketch. 492
    Something out of a news item i came across, now i can not get moderated again...so.... "ASK THE RIGHT QUESTIONS" !!!!!!!!!!

    JP Morgan rates as Upgrade to Neutral from Underweight (3) - Gindalbie will not exercise the option to repay the Ansteel loan and this relieves immediate cash flow issues, given Karara is expected to be cash flow positive in the September quarter. The transaction has resulted in Ansteel gaining control of Karara. The risk now becomes potential funding for a Stage 2 expansion as Gindalbie's ownership falls below 50%.

    JP Morgan notes, although not stated by Ansteel, if that company is prepared to value Karara at $1.3 billion, logically it could buy up to 48% at a lower price by acquiring Gindalbie.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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