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0.00% 2.9¢ gindalbie metals ltd

My understanding is since Karara project is a 50:50 JV means...

  1. thefro74
    276 Posts.
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    30/03/10
    23:20
    Post #: 6517403
    My understanding is since Karara project is a 50:50 JV means that profits from that project will be a 50:50 split. Also Ansteel being a 30ish% SH in Gindalbie, they will share in any div's from Karara and/or other projects and capital gain as any other SH'er.

    So as per recent presentations;
    8Mtpa - $776M revenue
    - $408M Cash margin

    $204M to Gindalbie
    $204M to Ansteel

    As a GBG newb I'm happy to be corrected.

    Cheers
    GBG Price at posting: $1.15 Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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