If Karara bankrupts, can Ansteel take control?, page-2

The short answer is that - "no one really knows". Every bit of communication that i have seen regarding this direct question has always been coloured in 50 shades of grey. So us mug punters are none the wiser.

I have seen announcements that appear to say that the current GBG cash equivalent of approx $36m is "safe", following the vote that was conducted about a year or so ago. But then there are others on this forum who have a different opinion and believe that the current cash in bank could still be at risk.
My saving grace is, why would Torrens Mining go into a Joint Venture with GBG in the Mt Gunson Project if there was any likelihood that the Chinese banks (or Ansteel) could pull the rug from under us?