"Recently, MGX picked up the Shine resource from GBG for $15m...

"Recently, MGX picked up the Shine resource from GBG for $15m plus a royalty when MGX are well in profit. It has reserves worth close to $1b."

Is it any wonders that GBG sold out the Shine resource to MGX for such a small amount of money.

GBG's share price has been decimated ever since the Chinese got full control of the company with their huge shareholdings and with the off-takes of the iron ore that they have.

I should know because that is another hard lesson that I have learned. I should have sold out as soon as the Chinese got a solid foothold in the door, but silly me.....