chinese banks, page-4

Gmac GBG is currently in discussions with the China Development Bank. This is one of China's biggest and most profitable banks and specialises in Large development loans such as the required Karara infrastructure. Ansteel is underwriting the loan which means the loan should be pretty much given.

Be patient and wait, our much deserved rise will come. Look at our cash assets, its effectively over 25% of our market cap.

By the time we get the 2.5+ resource upgrade Ansteel will pay another 140 million and EPA approvals, finance, and final instalment will be around the corner. Looks bright to me.