are the 60c options just for show..., page-40

I have held MGX for a while, and I can tell you that at the meeting to vote on the share placement to Shousog, I will be voting against the proposal.

I strongly suggest all other shareholders do the same! If shousong gets 40% of the company, they will have a strong say in the direction of the company - for their own interest - and in the interest of shareholders.

Furthermore, there is less probabality of a takeover if someone has a 40% foothold on the company. If you had a business and were looking at acquring an iron ore company - why would you look at MGX, given that you are already 40% behind a takeover bid?

Anyway, don't contribute much (read a lot though), but thought important to put my thoughts forward.

Others agree?

And for the record, mgts handling of APAC, shousong, hedged US$, etc is a disgrace.