Ann: Scheme of Arrangement and Demerger, page-62

The elephant in the room which the Board of GBG have not addressed is the price that KML is getting for its product.
I have been of the opinion for a very long time that Ansteel has not been paying the proper price for the product.
It is a premium product and Ansteel should pay a premium price.
It will be interesting to see what the independent expert values the product in their assessment. My guess is that they will low-ball the price.
And in these days of climate change, a low CO2 product should attract a premium.
And going forward the price will increase.
Ansteel is quite happy to keep the price low because it makes higher margins in the sale of its steel.
There is no motivation to pay a proper premium price.
Some might say, but I wouldn't, that maybe Ansteel have paid a low price for the product to engineer the demerger and acquisition..