Well that is a very interesting perspective. Ansteel knew that...

Well that is a very interesting perspective. Ansteel knew that GBG did not have any other source of income should the project be delayed and I have no doubt was central to the decisions to spend large amounts of money on 16mtpa and 30mtpa infrastructure when only 10mtpa infrastructure was required for Phase 1. Ansteel would have also been central to the decision to ramp up KML and rail for full production costs even though the magnetite plant was not ready costing the project 100's of millions of dollars. Financial risks owned by Ansteel as the majority shareholder of KML to expedite production short term and mid term that have backfired resulting in GBG running out of money. Consequently, I believe that Ansteel should take some ownership for GBG's situation and help them through it.