Looking at LYC history (with the blocked Chinese T/O) our government has shown a precident of not letting China get hold of onshore Australian REE assets.
Difficult to know if they will maintain this policy for all other onshore REE assets but the statement has been made in the Lynas case.
BTW I know Conglin Yue (who people understandably believe is Chinese, made an offer for ORM recently). CU has an Aussie passport I believe. That makes CY as Aussie as Vegemite ie that is pretty much Aussie but with a strong foreign link. (Sadly Vegemite is owned by the yanks, the Firb should have stepped in on that one!) Lol!
But I digress.
Would the Firb stop a T/O of PEK which has all its mineral assets in Tanzania? Unlikely IMO. Are we in peril of a lowball Chinese T/O? Quite possibly, especially if the minerology and extraction data is completed, is favourable and or SP is anything near resembling the current SP.
A T/O offer would still have to be at a considerable premium to get over the line. But in the current uncertain resources climate if most holders of most companies were offered something over double the current SP of the stocks they hold many would take the money IMO.
If that will or would happen at PEK is just specultion. But China could afford PEK ATM with the change on the floor in its "Foreign reserve national vault". And it would be worth them buying it if it were only just to mothball it or to ensure no competitor got hold of it.
We live in interesting times.
Tretch
BTW West Aussies, had the best Chinese food of my life on the weekend. 'Joy Kitchen' on Marine parade in Fremantle. 5 stars from the Russian judge!
PEK Price at posting:
16.2¢ Sentiment: Buy Disclosure: Held
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