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.
GBG Price at posting:
40.4¢ Sentiment: ST Buy Disclosure: Held