GBG 0.00% 2.6¢ gindalbie metals ltd

Ann: Suspension from Official Quotation, page-3

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  1. MR.
    340 Posts.
    "In light of recent developments including: lower than forecast iron ore price; higher than anticipated Australian dollar exchange rate; and the abovementioned current capacity restrictions at Karara, the Company has commissioned an independent review of its shareholding in KML.
    The company will provide an update in a further announcement to the market once the results of this review have been considered by Directors."

    "update" ........ "considered" ??

    ps: Don't lead on to be cash flow positive next quarter then to state you are not in a position to claim when Karara will be cash flow positive!
    Last edited by MR.: 31/07/14
 
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