Ann: Response to ASX Price Query, page-8

Possible scenario:
QSLM produces (in theory) the world's greenest magnesium, so it is a strategic asset for China, and neither Beijing nor the Qinghai government will not want it to fail.
But potential buyers may have decided that it is not possible to turn an adequate profit on the the production of raw magnesium from Golmud. However, if they add Magontec's alloy cast house to the financial equation, then the numbers stack up.

"QSLM already owns 30% of MGL so for the moment we just grab a majority holding.
And it's an Australian company so two birds are killed and Comrade Xi will be happy.
They have a plant in Germany and Chancellor Merkel likes Chinese trade so that is auspicious.
But Australia has the FIRB and they hate Beijing.
We need to negotiate!!"

So Magontec becomes a political football, while shareholders stand on the boundary line waiting to see who lands the winning goal and who scores the own goal.