Ann: Karara Operational Update , page-29

Seems like this announcement has almost completed the meat tenderisation of shareholders. After the AGM the meat will have been thrown into the frying pan and the GBG board and Ansteel will then have free reign to feast on Karara. Look out for a real game changing re-organization of the project when it stumbles early next year and then after that, surprise surprise, all will be well. Look what happened to Murrin Murrin and Cawse after they failed, they got picked up and became profitable after the debt burden was stripped away. Same scenario different commodity. Before untested processing technology in Australia (high pressure acid leach of nickel laterites / magnetic concentration of magnetite iron ore, sounds like the same story to me).

What reasons have you got left for not taking your money and running?

SilentO