That is most probably why the sp has been held (Propped up) at these prices. A CR could be on the horizon but it all depends if the Chinese will let it g through or not.
Yet again, why not. When, if allowed, it will be some investors money pouring in (Possibly none of their own) and they will still have full control of the company let alone continuing to get the copper at their offtake agreements at some discounted prices which remains undisclosed to us.??
What I am a little confused about it, is as to why the current big Chinese holders are not paying all the money due to Minsheng and tell them to bugger off, instead of letting this ongoing saga continue on and on.
Perhaps they are planning of getting it all on the cheap at some stage or another. Don't forget that the Chinese are very patient people and don't usually look for some short term benefits, but for long term ones.
CDU Price at posting:
43.5¢ Sentiment: None Disclosure: Held
