time to top up, page-10

Beat me to it Riddick! Very good news re the ACCC.

http://www.theaustralian.news.com.au/business/story/0,28124,25239977-643,00.html

Surly summarised what would happen very well. Part of the JV conditions of the Karara mine is that Ansteel provide the finance - debt to complete GBG's final equity instalment to the JV. So GBG would receive a loan from Ansteel at commercial terms for $AUD143million or the JV would dissolve, giving GBG 100% ownership of Karara and all of Ansteels contributions would be refunded from the JV back to Ansteel. This would be a disaster if the JV was dissolved. We would not find another partner in this environment.

Seems the downward trend reversed near close, obviously based on the ACCC decision re RIO.