What will save GBG is Ansteel using GBG as its investment vehicle in Australia. Ansteel will soon own 68% KML, and already owns 38% of GBG. IMHO GBG will basically become a shell of a company, just there to do what Ansteel wishes as its Australian JV partner. This has already happened with Ansteel deciding everything regarding Karara. All bad? I don't know the answer to this, but I believe that Ansteel have deep pockets and will support GBG for as long as they need to for their own benefit. Just my thoughts.
What will save GBG is Ansteel using GBG as its investment...
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