GBG gindalbie metals ltd
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for peets sake, page-4

  1. Gindaldan
    5,489 Posts.
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    09/04/13
    14:02
    Post #: 11621438
    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.
    GBG Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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