Arrium to be taken over, page-20

580Kt capacity of shipping waiting loading at Whyalla.

So GSO may not only have got paid for their effort,but lined up/made easier a Moly-Cop for sale to another vulture CHEAP after the board rightly said NO????

Do the Australian banks really want ALL of their money back ?????

Time will tell.

Just as it did for
Telemedia International networks (TMN)
I have been told it didn't work out they way the bankers would have preferred when the banks pulled the plug collapsing the business as there was nothing of value for scavengers to buy legally from the liquidators.
Some Conspiracy theorists said at the time it Shows what can happen when you open an American office and start competing hard with the big boys and they want your specialist technology.
Proprietry equipment with single owner use licences stuffed up that cheap scavenging of the carcass by some big bank clients competing in the US and Israel-equipment worthless to any other business with only one LEGAL buyer I believe -The original equipment designer and owner of proprietry rights and starter of the business at HIS PRICE.

DYOR + DYODD