t/o ??, page-3

Kenso, I doubt it. There a 2 problems with the idea:

1. MGX spending in the magnetite space - highly doubtful since it's still unproven - nameplate has not been achieved and Phase 1 KML economics of the project are now questionable.

2. KML hold the magnetite assets, and Ansteel have control. MGX are unlikely to invest in anything where they don't have control.

It doesn't make sense for them. They could buy Shine off GBG, but it would never be a takeover of GBG.