GBG gindalbie metals ltd
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only 125m blowout, page-3

  1. Gindaldan
    5,497 Posts.
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    29/06/11
    13:09
    Post #: 8603415
    No, 2010 cost review was A$1.975 billion, it is now A$2.57 billion.

    Total blow out is A$597 million. Hence GBG needs to fund $A297 million.

    "Gindalbie is considering equity alternatives that would give shareholders to participate on an equitable basis".

    This suggests a rights issue.... At least we get to contribute in it. No debt funding it seems. $297 million @ 80 cents = 372 million shares. Not good. I hope the shareprice rallies higher before this announcement.

    I will take up the issue though.
    GBG Price at posting: 86.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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