MGX 0.00% 30.0¢ mount gibson iron limited

Ann: High Grade Koolan Island Ore Reserves Increase, page-21

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  1. 3,403 Posts.
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    Ok, I didn't know that about proposed acquisitions with a large shareholder. According to the annual report the major shareholders are APAC with 30% and Shougang (Chinese?) with 15%. Chairman Lee works for Shougang (?) who is contracted to buy 80% of the Koolan Island production. Have I got that right Autosime, and if so how are other shareholders interests protected from this relationship steering value towards Shougang? Is this the large shareholder you referenced in your post? Thanks.
 
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