GBG 0.00% 2.9¢ gindalbie metals ltd

placement is not good

  1. 565 Posts.
    lightbulb Created with Sketch. 44
    If the project is so sound, rather than dilluting shareholder interests why is it not possible to get a loan for $200m on a multi billion dollar project with an NPV over 10 times the loan value?

    I will laugh if the project costs blow out and GBG needs to find more funds.

    Terrible corporates at work here.

    TheGimp

    P.S: I have given up on this, it would be better if Ansteel offered $1.50 and bought out the whole company.

    I would accept given this ridiculous proposal.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.