patience of job , page-34

If I were Ansteel, I will take up to near 50%(49%)of GBG stake

.

Their
1st placement---66m share($ ?)somebody said 60c=$40 m
2nd 23/06/2009--190m share($.85c) =$162m (At that time share prc was 40c
3rd 10/11/2010--80m share ($.93c) =$74.5M
FOR 36% STAKE OF gbg COST= $276 THIS OWN 18% OF kARA PROJECT.
if they choose 50% stake it will own 25% of Kara project.
Total cost for 25% project $2600*25%=$681

If 4th share placement $200m+ $276m(for 3 time)= $ 476m

They will have 50% stake and own 75% of K proj.

It is still worth for them.

They can pay high premium between 50% and 70%(My wish)($1.15 -1.30)