Financial Commentary - who gives a fig?, page-50

Lanco said the same thing when they purchased Griffin Coal, Gupta can say anything it's up to individuals if they believe him. KM and Gupta need as much spin as possible so that the employees accept the loss of the shareholders which they have owned for years and those that were forced to accept a 10% pay cut see a long term future. In reality they've all been conned while individuals and corporations rake millions from the administration and sale which was unnecessary.

No use expanding Whyalla to 5 million tons when there is no market for the extra tons in this country, he can export but as China and others found out he will have to find a country that will allow him to dump below cost steel into a foreign country. No profit in that business model.

https://www.vccircle.com/lanco-infratech-buys-australias-griffin-coal/