Ann: Change of Director's Interest Notice , page-12

While MGX produce iron ore they will find a buyer at the market rate - it doesn't matter where they come from!

Not very worried about the MRRT, if the company has said it is negligible then that means less than 1% on the bottom line IMHO. The coalition intends to rescind the tax anyway.

Regarding the board changes, lets hope the end result is less golf and more strategy. I would like to bet that the work ethic and knowledge of our Chinese board members is very high. I deal with Chinese suppliers where I work on a daily basis, and I am nothing short of amazed at their work ethic, speed and competence.

Regarding lack of defined resources. That is a tiny problem compared to not having transport infrastructure. But MGX have the transport infrastructure. They can take their pick of junior explorers to buy out with their huge cash surplus.