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.
GBG Price at posting:
5.8¢ Sentiment: Sell Disclosure: Held