new announcement .. funding proposal, page-33

Good point Lepanic, without Ansteel we are dead. Iron ore production is being cut, and this will ensure success. $1 will see a decent level of votes from myself and the many investors I know in this.

GBG is a takeover target in the long term, the placement confirms this IMO. Wouldn't be surprised to see Ansteel have a go shortly after initial production of Karara.