a difference a day makes, page-37

>They will get another 4.51% of KML (effectively 9.02% of GBG) for $30m (not $60m - remember they will have only paid $30m more than GBG). So this deal will mean Ansteel getting another 9% of GBG (I know it's actually 4.51% of KML but basically same thing) at 22c.

No, the above statement is completely wrong. at the end of the day, ansteel would have paid a total of $60 m for 4.51% kml and that value 50% of kml (ie. gbg) at $665 m or 44.6 c per share for gbg