Tassie As I read it, Ansteel may shut it down for a while, they would be nuts to walk away.
It seems that if this happens, then GBG will have to pay its share of closure costs and this will consume all of its cash, so its worth nothing ( if shutdown happens )
Maybe Ansteel will launch a takeover of GBG---they certainly have weakened it & shareholders may accept very low price.
Write off, page-45
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