sneaky chinamen, page-3

Interesting topic with a topic of prejudice

Firstly it seems like your world has become:
1. Labor Govt. is a defacto of the Chinese Govt?
2. ASIC (an independent commission from the Aust govt) is another defacto commission of the Chinese Govt?
3. Takeovers Panel (another defacto commission of the Chinese Govt)
4. Independent non-executive directors of BRM (non-WNI nominees) who hold around 11% of BRM are also spies of the Chinese govt and world of the Ministry of State Security (Chinese equilivant to CIA and MI6)
5. FIRB also a agent body of the Chinese govt?

Sounds like the world is just all Chinese dominated now.

Technically you maybe on a unrealised loss position with your BRM holdings, that make you say some of these stuff like sneaky chinamen or something like. But in reality to date, Wah Nam has no connections to the Chinese govt, nor is an associate or any of the Chinese state-owned entities. Its purely a HK-listed company, that is managed by HK people of Chinese descent, that may or may not have have iron ore experience.

Put it around this way. I hold MMX. MMX holders have suffered just as bad as BRM, but technically worst in % loss. So we MMX holders would point the finger at Japanese Mitsubishi Corp, as sneaky japs trying to buy MMX for a peanut of $325m which equates to $0.48 per MMX share. This is far worst than the $1-2 per share for many MMX holders bought for esp. retirees.

So because WNI seems to be successful in buying BRM (when you are on an unrealised loss position for BRM or little gain than the $6/share you imagined it to be); that does not deem it to be against national interest for FIRB's rule book.