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This is the worst deal for GBG shareholders. I am not one, but sold a huge chunk of shares out of SDL yesterday. There is very little eps growth as you're adding so many shares to GBG that it's short and medium investment horizon is tarnished. This thing won't be producing 50mt per annum until probably 2015-16. As an investor I don't like that one bit.

It very good that you make long term management decisions, but this one is too far out to be confident on iron ore prices, especially magnetite iron ore.