Ann: Suspension Extension Request, page-186

A reverse take over would list MCL and make QBL a shell company.
It may not seem like it is doing much but it would solidify MCL as a company and put to rest the question/fear of a seperate listing of MCL.

Currently as it stands why would a large investor put money into QBL if they think MCL will have an IPO down the track.
Currently there is no value in the bauxite and if MCL was listed sperately then more than likely everyone would sell QBL to buy MCL and the price would of crash to new lows.

If a reverse take over happens there will not be a IPO of MCL and people can invest large ammounts of cash without the fear of what I have just mentioned. By doing it this way QBL shareholders don't lose out and it should encourage massive confidence in the company and reflect in the SP.
I hope that makes sense