Australia's largest stock trading and investment forum Australia's #1 stock forum

GBG

Click for more information

0.00%

2.6¢ gindalbie metals ltd

Iron ore projected exports, page-31

First 31 Last

Share
Profile

Follow
gougou

12 Posts.

6

18/08/17

06:58

Post #: 26579208
Share

Originally posted by djjp ↑

Thank you Mole. An interesting analysis. My concern is whether Karrara is being run for the benefit of the joint venture or for the benefit of the greater Ansteel.

Ansteel is in control and within margins could realise revenue in Karrara or Ansteel (China).

If revenue is taken in China, Ansteel gets 100% of the benefit. If revenue is taken in Karrara, Ansteel gets only 52%.

As shareholders through the ASX we get no information which makes these issues transparent.

ASX needs to look at the transparency of these types of arrangements. I was a supporter but now think they work against the credibility of the Australia equity market.

Expand

Since Karara is simply selling a commodity (iron ore) I don't think there's much room for Ansteel to adjust revenue numbers. Iron ore should be priced exactly according to the commodity market.

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

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ASX Market Open: Aussie market to leap on best 'Trump trade' bump since election day | November 22, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

CMB

Asian Battery Metals uncover second massive sulphide discovery at Mongolia's Oval play

PCL

HotCopper users react as Pancontinental Energy's trading halt lift reveals little

CAF

IP anomaly thrills Cannidah with project extension hopes in QLD

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

C1X

iTech inks deal with Chilean lithium giant to progress Reynolds Range

There are more pages in this discussion • 10 more messages in this thread...

First 31 Last

Add GBG (ASX) to my watchlist