They are very vulnerable.
And beholden to AnSteel who has all the cash.
It is a very unequal relationship.
GBG have the ground yes but I can see another MGX squeeze situation being brought to bear on GBG then it will tank.
AnSteel will mop up the remaining shares at a discount and merge their operations with Midwest Corp which is also off the ASX boards now.
China is only interested in China.
Aussies are too stupid to see what's coming.