gindalbie epa approval, page-22

Hi Major

Heres the problem and I'm interest in your thoughts, or anyone here for that matter.

1. Zhang told journalists in Perth. But he said that it is a "very difficult time for everyone" in the steel sector

2. Zhang said that
Australian government approvals for Ansteel's $162m
investment in Gindalbie are taking "a fair bit of time"

NOW

On one hand its doom and gloom on the steel front and on the other its hurry up we want your project up and running.

DO YOU SEE THE MIXED MESSAGES WE ARE GETTING. ( sorry need to shout that out to be clear )

Why the urgency in a period were the Chinese steel sector is hurting and Ansteel are keen as hell to get Gindalbie up and running ASAP.

Again the Chinese are going to dish out the biggest sucker punch in history once IO prices are renegotiated, I stand by that claim.

Regards

Frank