Having lived in Honkers for a few years I can certainly attest that the Chinese have their own way of doing business, and the value of honour to them.
With the buyback in place I was only too happy to purchase a few more shares at basement price yesterday, for I still believe the price of $3.80 very attainable.
Must admit that whilst my knowledge of Chinese business practises is at the best very limited I would imagine that O W would have a protection clause in their agreement with Cudeco to prevent any serious losses resulting from similar to what we have seen in the last few days or even worse.
Don't really appreciate the comments directed at the so called "lemmings"for no doubt some of these poor souls were in such bad shape that they had to bale or were at the mercy of margins being called in.Some comments can be cruel. In this regard I truly hope that Max escaped unscathed.
Best Wishes,
Penny
CDU Price at posting:
$3.09 Sentiment: Hold Disclosure: Held
