LOI extension - pros and cons, page-22

Jackaroo - when the Chinese or any sovereign country for that matter use the word 'strategic' it means that there is more involved to a deal then the simple metrics of a profitable commercial deal - like a greater importance to a countries global standing, position of power etc. - which if you put your shareholder hat on usually means ' acquire at any cost, money is not a consideration here'. If you're looking to acquire something the diligence undertaken as you can imagine would considerable differ to that of someone you simply intend to issue out a loan to or buy equity in. And when you're talking about Ancuabe, it's definitely not an asset you want to 'lave behind' for a certain neighbour of your to stumble across and use strategically in the future to further its position

Anyhoot back to my much better example than that of Lamboo in relation to TON, here's an article on the company which was bought out by the Chinese and which Alan Jenks was a major contributor to and you can say built his reputation on and likely convinced a lot of the big holders in TON now to invest in the early days:

EXTRACT Resources has recommended shareholders accept a $2.1 billion takeover offer after exhausting all avenues for a possible alternative proposal.

The Perth-based company today released its decision after a “lengthy and exhaustive process” in seeking out third party offers, including from Rio Tinto, which yielded no suitable results.
As a result, Extract has unanimously recommended its shareholders accept an $8.65 cash offer for each Extract share from Taurus Mineral, a wholly owned subsidiary of China’s Guandong Nuclear Power Group
Extract’s independent directors say the Taurus offer provides value and certainty for shareholders and takes away the risks associated with financing and developing the Husab uranium project in Namibia, particularly at a time of uncertainty for global markets.
“…the Extract Board believes that Taurus is well placed to finance and develop Husab into one of the world’s largest uranium mines for the benefit of all stakeholders, including the Namibian people,” Extract chief executive Jonathan Leslie said.
The mandatory Taurus offer was lobbed after it launched a takeover bid for Extract’s largest shareholder, London-listed Kalahari Minerals, which holds a 42.74 per cent stake.
Under Australian Securities and Investments Commission rules, Taurus was obliged to make an offer for Extract if it acquired 50 per cent of Kalahari, which has been taken over by Taurus.
The Husab project is hosts one of the world's largest uranium deposits, and is less than 10km from Rio Tinto's massive Rossing uranium mine.
Shares in Extract closed unchanged at $8.60 today.

If you look up the EXT ticker right here on HC you'll still stumble across posters talking about how they invested in 10-20 cents range and now don't know what to do with the money the Chinese have given them.

An 8700% return - not bad. If only our Chinese friends find graphite as a strategically important as Uranium and be so generous with their money