Ann: Annual Report to shareholders, page-6

The big thing to remember here is that the  3  billion  is guaranteed " only  " by the shares held by GBG in Karara  - which means that the shares we now value in our financial statements at  " NIL " are all that secures those funds .

Obviously there are still guarantees we still have in regards to rail , services etc.....  that we have still but they have reduced significantly over the last couple of years.

The big debt is only covered by the shares we hold in Karara which is valued at  zero  !!!!!!!