MGX are sitting on $420m cash
GBG mkt cap $157
its a no brainer for mgx to take over or merge with gbg ??
there must be talk going on for sure behind closed doors about Midwest consolidation amongst the oreys
gbg in a very weak position to go forward on its own.
merging and consolidating would be a win/win situation
however ansteel will have to decide sooner or later what to do with the other gbg share holders who don't have anymore equity to contribute to the jv
watch this space. intercorporate activity will have to explode at some stage
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