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2.6¢ gindalbie metals ltd

Ann: Suspension from Official Quotation, page-21

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CL27

1,942 Posts.

46

01/08/14

20:40

Post #: 13757493
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Originally posted by Gindaldan ↑

A T/O of KML is the best that could have come of this. The writing has been on the wall for a long time. It was a lemon when iron ore was 130-140 and now it's a mouldy lemon with iron ore sub 100.

The mine and plant just didn't work as intended and a minnow cannot fund this when things go wrong for a major project. KMLs failure is due to a bunch of factors, but a lot of disclosure issues did happen along it's horrible history. I lost a lot of money on this but bailed about 18 months ago or so.

Goodluck all. Hopefully GBG can at least get 150m (10 cents a share) for its KML holding. There should be some value in 3 billion of infrastructure. Mind you BHPs ravensthorpe was sold for SFA.

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The irony will be if they get 14c a share Gindaldan. From memory that was your exit price.

The port and rail have a value.

GBG Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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