No need for independent report. Doesn't change the numbers...

No need for independent report. Doesn't change the numbers either. We know they can't make money at current iron ore forecasts. Possibly board checking numbers are bad enough to justify giving up and flogging off the remainder?

Ansteel need to buy the other half of KML or face watching GBG go through bankruptcy which could cause significant pain to Ansteel with respect to its KML venture. I'd buy out GBG solely on the basis that it provides significant opportunity to cut overheads (must be worth at least 100k)