Perfect opportunity for GBG - They are also eligible to be Ansteel's Australain arm for aquistions. GBG merging with MMX would get GBG another project which won't start for a few years - So we use our profits for first couple of years from Karara to pay off debt.
Then we have a second mine (that we can merge with Sino as weld range goes over baorder - MMX Sino attempted merge & cost savings years ago) which would take GBG to the next level. Once you have one you don't stop even if it is a 40yr mine.
No better chance to get MMX while there short & curly's are buring.
Then through GBG China gets it's fingers in the pie of OPR.
Would have POSCO as a partner & Mitsu - Mitsu can stay & build with their expertise & Chinese money or piss off what ever they want. QPR can come in for the rail.
Perfect with GBG controlling half of OPR which GBG is then controlled by Ansteel as major shareholder & has all the debt of Karara covered.
I reckon it's a goer but porobably not that easy.
GBG Price at posting:
79.8¢ Sentiment: None Disclosure: Not Held
