Ann: Half Year Accounts , page-9

They are generating cashflow...need money.. Previous agreement with ansteel will get covered with its equity so ansteel will have 62% ownership...
No doubt they will arrange this 300m with bank but at the cost of taking more
Percentages share from gindalbie....they are interested in asset and io operations...they currently hold 68% with last agreement now. Strong base to apply for firb approval....gindalbie wont certainly realise the value of billions worth asset...another billion dollar australian company will get bought by chiness in few hundred millions...all corporate games...this is exactly proceeding as ansteel wants it to be...in complete control of ansteel..