Ann: Suspension from Official Quotation, page-45

My opinion is that if Ansteel are to continue with KML, which I think is highly likely, then they will mop up GBG. GBG doesn't have the financial capability to provide further capital injections to KML. Looking at KML's website, they appear to be looking to go to phase 2. They know the issues from Phase 1, they probably have a fair handle on the solutions to fix the current production issues. A t/o of GBG is easier than a purchase of GBG's holding in KML. GBG now has people contracting in roles that would normally be permanent positions and an acting MD after the loss of the CEO. It has the hallmarks of a company in wind down mode. Getting a value on GBG's holding KML may only be for an accounting write down, but I think the main 2 reasons for it are so that:

1. Directors are able to consider any t/o offer for GBG
2. Those GBG shareholders that would be able to cast their votes in the event of a t/o offer for GBG would be fully aware of the potential financial consequence for voting down a t/o offer

Anyway, just my opinions. They may be off the mark, but I'm not losing any sleep over the suspension.