Question for all to ponder, page-3

In my humble opinion, the Chinese have "saved" Karara with refinancing of loans on several occasions over the last couple of years - and at a time when the IO price was rock bottom.

The fact that the IO price is seemingly heading north during 2018...i expect that they will refinance once again and put GBG into a very comfortable position gearing wise.
Add to that that the Chinese govt is hell bent on cleaning up the pollution issue in their big cities, it can only mean that the black stuff that Karara produces will continue to be very sort after and thus - the premium gap against the standard IO62 benchmark will continue to widen.

I may be overly positive on the GBG recovery (because I'm well in the red on GBG)...but i can see this company roaring back into life in the second half of CY18.