News: PEK Shenghe Resources to buy 19.9% of Australia's Peak Rare Earths, page-202

I would like to add something here.

1. It seems that the new Shenge mob will not have a seat at the board table. They will have appropriate voting rights, but not on the board. They are as toothless as normal SH's (apart from the fact that they own 20% of the stock. The other 80% can tell the to GAGF'd as and when appropriate and there is nothing they can do.

2. The FIRB have a significant say in this matter. PEK may have a mine in Africa, but their trading platform is based in Australia. IF the FIRB don't like the red colour of their suits, then SHENGE will be told to GAGF'd by the FIRB. There is a precedence in the RE space. Lynas went through something similar maybe 9 years ago (Forge or similar?). FIRB DID tell them to GAGF'd! (*)

3. If Shenge really did leverage their holding to strong-arm the GOT - AND the GOT did bend - that would send an EXTREMELY strong signal on to the world stage about anyone who wished to do business in Tanzania.

4. IF the GOT did try and move refining to in-country, then THAT would send a very strong negative signal on to the world stage - especially as PEK have invested significant capital into their process and social benefit schemes.

Don't give up on PEK just yet.

(*) Declaration. I have a holding of LYC shares. I am also a PEK SH