re: broker report extreme Question I have for everyone is:
1. How likely is the short term funding issues will be resolved?
2. How much will it affect GBG with problems of mine ramp-up reducing forcast of AUD48million profit to 25Million Loss.
3. Dilutive equity issue for GBG and KML: is it very likely with GBG and KML's dangerously low cash problem?
4. Debt repayment is due in November whereas GBG expects mine to be cashflow positive in September quarter. Is this enough to save GBG?
5. Will lenders be more likely to save Karara since its too hard to let USD2billion debt go kabonkers?
6. How likely Ansteel, Chinese Gov, Chinese lenders and major shareholders go to the extend to save the project or let it go bust and takeover the whole mine?
7. GBG is estimated by Morningstar to have $10Mil cash + head office cost of $1mil per quarter.
8. How likely FIRB's decision to approve repayment of Karara to GBG and,
9. Can GBG issue equity to fund new loan to Karara with Karara having enough profits to prevent dilution of GBG share from occurring?
10. What percentage of Fe can the mine produce? and how much ore can they produce?
11. Will Ansteel definitely need the same amount of ore as before?
How many positive answers can you get out of 11 questions?
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