a word from the ceo, page-7

Hi Guys,
I have been following GBG for about 12 months now.
Though it is sad story, i believe there is a slight chance the company may survive.

The current market Cap:$90million
Ansteel owns 36% of GBG and 50% of KML.

It is becoming comprehensible that Ansteel will convert the GBG debt into 62% of KML, if that is the case, GBG will need to fund KML with only a maximum of 38%(of $150-$200m)which is $57m-76m.

A further shares dilution is unavoidable, but works best for the shareholders

I will be keeping an eye on how things evolve.

Good luck to all

bouhr