Ann: Suspension from Official Quotation, page-24

Summary
$677.8 million in cash Gindalbie raised.
Equates to 45 cents per share over the 1.5 billion shares now on issue.
The infrastructure in place isn't worthless! Not working as it should but it
didn't all go on management Fees!

Whatever the KML valuation is, the cost to Ansteel to buy Gindalbie's
share of KML is costing Ansteel directly 64% of that sum. 64% gets rid
of the dead wood, to be un-sincerely blunt, perhaps even at a premium.
That 36% holding in Gindalbie cost Ansteel about 69 cents per share.

GJ's holding does equate to $0.224 per share and
he'd be wanting at least that.