GBG 0.00% 2.9¢ gindalbie metals ltd

placement is not good

  1. 565 Posts.
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    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.


    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.
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