My understanding of the working capital arrangements was for...

My understanding of the working capital arrangements was for ansteel to fund shortfalls until china bank supplied funds (extra loan). money from china bank was to pay back ansteel. The loans from ansteel before this arrangement equates to gbg handing over project control with the option for gbg to buy back 50/50 (very unlikely). Not looking forward to the blowout figure,especially if we have a seasonal fall in iron ore price. Looks like more uncertainty until 2014.