China needs to secure future supply and understands price cycles. They will want to secure the supply side of it and it will be up to the GBG negotiators to get the best price. Short term pricing makes GBG price cheap but China will always take a long term view with any decision it makes. Its the mother land's future they are protecting so they will not bail. Ansteel will be looking at long term position in whatever decision it makes.
I am hoping that the valuation takes into consideration the long term value.
Gycor
GBG Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held