$us 230m funding package, page-23

Exactly although it is worse than what you say. GBG has given away 10% of a $3B project for $115M (our share of the $230M loan). I wonder who is looking after GBG's interests in these negotiations? Ansteel have more to lose than GBG if the project gets delayed. They knew the risks partnering with GBG. Ansteel said that they would cover KML for 12 months (65 interest0 and then the commitment was changed to "forecast" costs and now they are offering no money at all for this 4Q'13 problem.