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Keith Jones says Karara was making large annual losses and continued to incur negative cashflow at the operational level.

Karara unlikely to ever deliver returns: Gindalbie

Gindalbie Metals has estimated that shares in its part-owned Karara iron ore project have a negative value in excess of $3.5 billion, as it seeks to convince shareholders to accept a takeover offer.

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23/07/19
$24k Sold
23/07/19
$647k Sold
23/07/19
$136k Sold
Total value as at the date of the transaction
Source: Morningstar

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