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
