MGX 6.45% 33.0¢ mount gibson iron limited

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  1. 3,055 Posts.
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    Require Australian Govt approval (FIRB)which has been applied for. If they do not get the approval Apac have to do their best to place the shares as underwriter and realistically this would be a huge ask so suspect MGX would be in a spot of trouble. CEO at MGX seems to think approval will come as FIRB are fully aware of the implications to MGX if approval was not received. Implications would be similar to OZL!
 
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