Most employees are shareholders, some considerably so with...

Most employees are shareholders, some considerably so with shares tied up personally and via their super funds.

I'm sure they care about the money they stand to lose, I'm sure many of them would be concerned at the money being taken by KM and others which is effectively theirs along with the creditors. KM in line to collect a $40m bonus from the Arrium administration as well if reports are correct.

Not for the first time you come across as a spruiker for KM.

Ask Gupta when you can what he intends to do with all this additional steel he intends to produce at Whyalla ? BSL use to make 5 million tons a year with two furnaces and lose $1b, they now make 3 million tons a year with one and make $1b profit.

Lanco spoke about spending a heap of money on expansion when they purchased Griffin Coal from KM, now they're in receivership. Arrium has the same smell about it, no use making more steel when the only market(export) you have to sell it in loses you money.

The spin and BS from KM, Gupta and the politicians is all about justifying the sale, nothing more. See what eventuates in the future.