new low, page-22

Ansteel must behave commercially , Just because they have a majority of shares, it does not allow them to run the business just for their benefit.
Commercial requires them to act in the interests of all shareholders.
They just would not be so stupid as to do otherwise.

However I continue to maintain that Ansteel would much prefer to be 100 % , so that they can run the business in their own interests,
And being Chinese, they will want to go on with stage 2

I therefore think a take over by A , is just a matter of when, not if.
Minority shareholders will not complain , nor will GBG Board.

Perhaps the current low price is being set to support a future low ball offer. ?

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