GBG 0.00% 2.9¢ gindalbie metals ltd

Still life in the Mangy pup yet!, page-2

  1. 100 Posts.
    lightbulb Created with Sketch. 6
    $300m operating losses on annualised production of approx 7 mt, ie. they lost over $40 a ton (I hate being right, almost to the dollar). They're also carrying $2.3 bn in debt, that's roughly $330 debt for every ton of production. Unless IO relays to over $100/ton for a sustained period of time AND they can achieve the $200m of cost reductions this one has no chance. It truly is marking time until Ansteel decide to take it to the local vet!!!
 
watchlist Created with Sketch. Add GBG (ASX) to my watchlist

Currently unlisted public company.

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