MGX 0.74% 68.5¢ mount gibson iron limited

what is the chance of a white knight

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    Open for discussion here. Read during the week that there is still a chance of a knight whte to bid for MGX. What are others thoughts?

    I would have though that BHP wouldn't be intersted as they have no existing interest in the mid-west of WA.

    OZL, well they are looking at bolting on iron ore onto its existing suite of minerals and metals, but just completing a merge between Oxiana and Zinifex, I dobt that they are ready for an acquisition.

    Other mid-west mergers....not really because one else is currntly producing AND has the cashflow that MGX is after.

    I'm not sure if others like X-strata would be interested

    From where I sit, I won't be approving the rights issue when put to a vote.

    Others thoughts / comments?
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