Fortescue breathes life into Oakajee dream, page-33

China is going full bore in Africa nowadays. They were a bit timid and cautious about taking the plunge in Africa last decade while they didn't feel threatened by countries supplying them minerals including iron ore.

Now paranoid China feels under siege and is hyper anxious of being cut out and cut off by iron ore boycott. Ding getting the consortium of giant corporates together after years of hard work and securing funding for the infrastructure build while the Africans get their act together (as evident by the back slapping in the 2 capitals in late December) is a timely godsend to the Chinese steel industry.

I get the VB self congratulatory vibe when reading Ding's last market update about the tough going and the big reward to come at bell ringing time.

Now with Oakajee, the poor bugger is going to be knackered as he has to juggle between Africa and Midwest for the next few years. LOL

Yippee !