GBG gindalbie metals ltd
Add to My Watchlist 0.00% ! 2.9¢

No, 2010 cost review was A$1.975 billion, it is now A$2.57...

  1. Gindaldan
    5,490 Posts.
    lightbulb Created with Sketch. 1146
    clock Created with Sketch.
    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
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS More Outstanding Gallium Assay Results for Nimy at Block 3
right-arrow Created with Sketch.
NEWS Paris Gold Project Drilling Underway Testing High-Grade Zones
right-arrow Created with Sketch.
NEWS Anson Adds 100 Strategic Claims to Green River Lithium Project
right-arrow Created with Sketch.
NEWS Drilling Commences at Leinster South Project in WA
right-arrow Created with Sketch.
NEWS BPM Acquires High-Grade Forelands Gold Project with Near-Surface Mineralisation
right-arrow Created with Sketch.
NEWS R&D Tax Refund of $5.8M Received by Imugene to Support Clinical Development
right-arrow Created with Sketch.
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.
Add to My Watchlist

Currently unlisted public company.

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