Karara a multi-billion dollar drag on Gindalbie

GINDALBIE Metals chairman Keith Jones has made an impassioned pitch to shareholders, calling on them to back a deal to extricate the miner out of the loss-making Karara iron ore project in Western Australia saying, while it was difficult to accept, the transaction was the only way they may ever see a return.

Karara a multi-billion dollar drag on Gindalbie Karara a multi-billion dollar drag on Gindalbie Karara a multi-billion dollar drag on Gindalbie Karara a multi-billion dollar drag on Gindalbie Karara a multi-billion dollar drag on Gindalbie

Gindalbie sees its future at Mt Gunson.

"I, along with our long-term shareholders, have lost significant value in our investment in Gindalbie since the share price highs of the iron ore boom.