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2.6¢ gindalbie metals ltd

13 cents a share would be a very acceptable low price

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TassieTwo

1,028 Posts.

14/01/16

15:02

Post #: 16796535
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Originally posted by Beardy ↑

Tassie As I read it, Ansteel may shut it down for a while, they would be nuts to walk away.
It seems that if this happens, then GBG will have to pay its share of closure costs and this will consume all of its cash, so its worth nothing ( if shutdown happens )
Maybe Ansteel will launch a takeover of GBG---they certainly have weakened it & shareholders may accept very low price.

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13 cents a share would be a very acceptable low price

GBG Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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