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2.6¢ gindalbie metals ltd

Ann: Full Year Statutory Accounts, page-8

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The Mole

723 Posts.

71

13/09/17

08:24

Post #: 27174096
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Originally posted by The Mole ↑

Not so fast.

The $US400m loan is for both Ansteel and GBG. We own some 47.84%, so our portion is $US191m so reduces our debt to $US281m.

But next April another $US300m rolls over which will reduce our liabilities by $US143.52m, so in April 2018 liability will be $US137.5.

Don't know when next loan is rolling over.

Plus $US20m liability for rail and other matters.

BUT getting there.

Expand

I am wrong with $US300m because it has already been taken out of contingent liability.

GBG Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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