opr sinosteel, page-23

Need Mitsubishi to drop out first. Ansteel wouldn't want a JV with the Japanese. Not to mention we don't need JH given our own reserves. So whats the point? A 50% interest in a risky costly port? Let the Chinese develop Oakjee. But would the FIRB allow China to 100% own a massive port in the Mid West?

*sigh*

At least this slide in GBG's price is not management's fault!!