Sniff sniff. What's that I can smell? The sound of Chinese investors being burnt by the AUSTRALIAN FIRB maybe?
The FIRB have form in this regard. They prevented a Chinese takeover of Lynas back in the day, and there is NO-ONE on this planet who isn't aware of the strategic value of Rare Earths - certainly not the people in the FIRB.
With rumours about BD's location, and the prospect of China being advised to GAGF'd by the FIRB, this could be the start of a very prosperous time for PEK SH's.
News: PEK Shenghe Resources to buy 19.9% of Australia's Peak Rare Earths, page-263
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Mkt cap ! $50.52M | |||
| Open | High | Low | Value | Volume |
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