It's unfortunate the the boards of OST and BSL couldn't get beyond their own ego's and pull off a merger, JV of some description, not this time anyway. BSL has 'suddenly' realised its pointless producing steel only to loose it via the exchange rate. So long as they stay above the 500,000T threshold of steel produced pa in Aussie they will get all the goodies from the gov't and taxpayers. I wouldn't want that on my CV, the only way to make a viable company is courtesy of the benevolent taxpayer, should the taxpayer ask for shares in return? Who pays the upcoming pay increases of board and employees, you guessed it the taxpayer. I wonder if were not creating another form of govt service sector? Dismal in they eyes of investors. Why did it take 3 years to make this decision?
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