Campaign for fairer and more transparent administration, page-4

The onerous IO shipping contracts the deceptive and incompetents agreed to expire in a few weeks, suggestions the new contracts will shave another $5-$6 a ton off IO costs adding another $50m to Arrium mining ebit.
With this $50m saving, supposed $300m in annualised cost reductions across the Arrium business, wage cuts, rising IO prices,Government assistance and BSL reporting profit upgrades($560m F15/16) on the back of bullish steel prices why is KM in a rush to sell the assets by the end of the year ?

Appears the rush to sell is so that KM and the banks can get their cash asap, cash owed to the banks in part as a result of their own poor lending practices.

Something's just not right about the situation, no financials and no report to ASIC from KM just a statement 'that's something to look at long term' despite having 50 forensic accountants on the payroll along with the banks accountants who have been isnide Arriumsince the gso deal was announced back in February.