chinese take over of gbg

Hi everyone

Following is an article that tells us that the chinese having an eye on GBG.

Interesting times ahead

jojo

http://money.ninemsn.com.au/article.aspx?id=570232

He said the deciding factors in the race to build a 30-40 million tonne producer might turn out to be neighbouring miners such as Mount Gibson Iron (MGX.AX


MT GIBSON IRON27 May,200827/05/2008 23:26 Sydney, Australia.
Value Change % Change
3.440 +0.050 +1.470%

Company overview
Real-time quote
MGX.AX , 3.440, +0.050, +1.470%) and Gindalbie Metals Ltd (GBG.AX
GINDALBIE METALS27 May,200827/05/2008 23:26 Sydney, Australia.
Value Change % Change
1.625 +0.145 +9.800%

Company overview
Real-time quote
GBG.AX , 1.625, +0.145, +9.800%), whose shares rose 10 percent on Tuesday.

Both are widely thought to be in China's takeover sights.

(Additional reporting by Michael Flaherty)