Too true Chubs.
The same re. facts changing is happening with GBG. I'm not willing to guess how the instos and fundies will view this.
Shareholders will either have a debt they will struggle to service for a few years or they will be selling off a substantial part of their assets at what is probably a very cheap price.
The 'fact' that shareholders were not previously informed of this until yesterday, is not very encouraging as far as transparency is concerned. I'm sure Ansteel and GBG did not start discussing this after Friday's close.
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