for peets sake, page-4

Takeover: 1 possible suitor, being Ansteel.

They own a blocking stake of 36%. Cannot compulsory take over a company without 90% holding. Therefore >10% = a blocking stake.

Not to mention only the Chinese would be interested in an Australian magnetite mine.

Will it happen?

Who knows, but I am sure 100% control would be highly regarded by them. Still need FIRB approval which could be a problem. Also doubt they will make a move on GBG unless iron ore prices remain high for a long period of time, and or commissioning is complete.