GBG 0.00% 2.6¢ gindalbie metals ltd

Ann: Full Year Statutory Accounts, page-11

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  1. 723 Posts.
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    On 15 August 2017 I posted a complete study on the GBG debt.

    Summary of all these figures:
    Loan maturing in 2030 is $US1.483132b - No liability because 26 November 2015 shareholders voted not to take liability
    Other loans with differing maturity $US900m
    Other loans with differing maturity $AUD244m

    Now the $US900 was made up of $US400m, $US300m and $US200m.

    All these have been rolled over and GBG has taken no liability apart from shares in KML.

    So as of today only liability is $AUD244m plus $20m railway.

    But $130m of that may allow Ansteel to increase shareholding in KML.

    The Rail contract started on Jan 2012 and extends 10 years - so another 5 years of liability.
    http://www.asx.com.au/asxpdf/20111116/pdf/422k9b1jxzqnx4.pdf
 
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