This might be the reason for the delay. It's nearly three months since final bids were received and KM still don't have unconditional offers. The two bidders probably want a more generous federal assistance package for Whyalla but the government is in no hurry: http://www.whyallanewsonline.com.au/story/4657424/ramsey-defends-arrium-stance/?cs=1550
Maybe plan B is being formulated.
ARI Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held