new announcement .. funding proposal, page-59

i agree that this is a postive for the price but i think it will basically mean there is no takeover premium in GBG as the Ansteel stake will be a blocking stake, ie no else other than Ansteel will ever take it over and they might just sit there for years just waiting.

i think what you should all be looking it is George Jones debt free issue, ie as soon as he gets cash flow and a stronger price he will takeover SDL. SDL wont be able to go into production because it wont be able to raise the cash but a producing GBG will.

thats why they want GBG debt free so they can have a go at getting SDL on the cheap.