I think the fact that the brokers are talking about takeovers is a strong sign of things to come. When seven west was planning a capital raising about a year ago the brokers started talking about a cap raising months before it happened. Obviously swm was in talks with them so they knew about it and same with capital raisings for gbg, they all knew it was going to happen before it did so hopefully the same is happening here. The difference between Ansteel paying $400mil or trying to draw more blood and pay $200m is 3/4 of nothing. If they take gbg and get shine at the same time then they'll get $200m back in a year from that bad boy alone.
I hope they just sell the share in KML by itself.
GBG Price at posting:
13.7¢ Sentiment: LT Buy Disclosure: Held
