re: Ann: Appendix 4C - quarterly ended 31 Mar... Hi Fluffy
Yes it is very likely that they will have over $3m in the bank later this year. They should have also received about $350K from Bass this week and are due another lot in August.
The real problem with this company is that they cannot complete a project that will provide any real income. The 6 month window for GBG to commit to the SPL Project ended last week. So I take it we can add this to the list of failed projects.
If I was looking for a sleeper issue it would be the outstanding mill royalty $3m+.
If Bass go broke is the royalty lost?
If they sell the mill is the royalty lost or does it continue to the new owner?
Or the “It’s to good to be true” Will Bass need to payout the royalty complete a sale?
re: Ann: Appendix 4C - quarterly ended 31 Mar... Hi FluffyYes it...
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