andrew .. while i agree with the general sentiment.. there's...

andrew .. while i agree with the general sentiment.. there's actually a fair bit more to the mgx/azr picture..

you'd think John Byrne/cambrian , the chinese (hk) and Sun Hung have a much bigger entity in mind. I'd be very surprised if MGX weren't working to a plan.. ie being advised as well.

the whole concept of 5 small into 1 big would only benefit the chinese if it were big enough to remove some of the market power bhp etc currently wield.

Also dont forget one very strategic advantage of Koolan Is is that the resource even with its initial grade issues would allow mgx to mix the high grade ore they're now accessing. Blending is key when it comes to maximising price paid.

Furthermore.. who says someone like FMG for instance wouldn't pounce on AZR/MGX purely for cashflow.. is possible when you consider the debt andrew Forr is taking on.

my opinion only.. do your own RESEARCH