My thoughts below. If you want to add... What concerns me is that I can't think of any significant good news that might come out of Gindalbie before the Magnetite Plant fix is completed and I can think of plenty of potential bad news!
Good:
- Funding confirmed for three month Magnetite Plant fix hopefully announced very soon.
- Completion of Magnetite Plant fix end Nov'13 - hopefully no delays.
- Ramp up of production in Dec'13.
Bad:
- Cost to fix the Magnetite Plant - I expect that it will be significant since it is taking three months and incremental funding is required.
- Terms for Magnetite Plant fix funding. Dilution of Gindalbie ownership of Karara? More stock dilution? Other??
- Sept'13 Quarterly Activities Report confirming high KML negative cash flow.
- Potential delay (I have a question in with GBG on this)to the Magnetite Plant fix if more time is required to secure funding.
- More time after the Magnetite Plant fix is implemented to achieve Nameplate - ramp-up in December could uncover other bottlenecks/ problems?
- I am concerned that Nameplate may not achievable? I keep thinking that even if the trains are fully loaded and sent every day of the year, only 9.9mtpa will be sent. Where is the margin for downtime?
- Stock price manipulation with stock uncertainty.
This it not investment advice - DYOR.
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