Maybe an Ansteel takeover is closer than we think, and some in the know are accumulating plenty at this level. Certainly defies logic. It must be frustrating for them to have to deal with GBG coming cap in hand every second week looking for a bail out. Maybe Ansteel will just get sick of the delays, take GBG out and smash out phase 2. I can't see FIRB objecting given the current scenario. Maybe GBG will end up like MMX after it choked on more than it could chew. Just my thoughts....
GBG Price at posting:
11.7¢ Sentiment: None Disclosure: Held
