The thing that changed is they will not need to do RI and dilute at sub 10cents and also they have bought more time to get to name plate. The cost was 3% of KML. which IMO is a better deal then trying to get funding elsewhere. Also Ansteel will push the Bank of China for renegotiation of loan.
Most posters mentioned cash flow as the main problem and I think that is why the SP is that low. With that risk delayed by 12 months the SP should still track up.
in terms of risk IMO it has reduced. there are a number of factors that will also affect SP like price of IO and the exchange rate and ships going out and off course
profitability.
but IMO the current SP of GBG factored in a CR and the risk of KML running out of money also affect GBG SP.
as this stage we have delayed both these risk by close to 12 months so in theory the SP should still rise.
The thing that changed is they will not need to do RI and dilute...
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)