GBG 0.00% 2.6¢ gindalbie metals ltd

Comparison with MGX (mount gibson), page-7

  1. 251 Posts.
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    All this talk about Ansteel at some point buying out GBG etc...is just nonsense. Pretty sure I read somewhere several years ago during the build phase of the Karara Plant, that the Project would never have got the go-ahead by the Authorities if it wasn't a Joint Venture (with an Australian company).
    There's a reason why we have a FIRB authority - to oversee stuff like this. And I'm quietly confident that if the Chinese ever decided to make a play for the rest of Karara shares that GBG owns - that the FIRB will give it a big Thumbs Down.

    They allow the Chinese to buy farms, properties, houses etc, but when it comes to National Resources...that's a whole new ball game.
 
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