I do not think it will be good news given the latest in the West Australian, however that does not confirm too much either way. As an optimist I could hope they pulled a training halt to avoid huge losses when the market is in a state of panic and this got us out of the line of fire, a good strategic move, then return after a couple of days of doom and gloom with a fairly bland type of annoucement. I do not think Ansteel will walk away, BHP and RIO do not hold any magnetite mines in Australia and they could pounce on this very quickly for a song, not a completely mad idea given Dale Harris (Ex RIO Exec) was at helm for both GBG and Karara for a while and made a good impression on the project.
GBG Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held