"You are stretching a very long bow if you believe that the Chinese investor groups would invest millions upon millions of dollars in Rocklands"
Really? I suppose to the likes of you and me "millions and millions" of dollars is a lot of money. Me certainly. But to OW, for example, I doubt it. Peanuts. Their stake in Minsheng is about $1.5bn, for instance, so who knows what their property/construction business is worth. Likewise for Sinosteel, with $21bn in revenues and $19bn in assets, a $50m investment wouldn't even attract the auditors attention, it is immaterial.
roh and BRETTO, you keep harping on about the NCu not being included in the offtake, when it clearly is according to the offtake announcement. Which says, 60% of all product. Which part of "all" don't you, or CDU for that matter in that quarterly, understand?
ozblue, nev's ramblings are all a matter of perception. It is, however, a fact that six Chinese entities own just over 40% of CDU and can take that to over 45% on Monday if they wish - providing another $50m in cash by so doing. Three of those entities have a paper trail linking them. 45% is effective control - you'll never get enough support from the other 55% to prevent them doing as they wished, if they wished.
roh, yes, MinMetals have deferred their project. They can do that because they have plenty of other projects. Again, with $27bn in revenues and 146,000 employees, while a $1bn w/o is just the cost of doing business. That is precisely what jtaylor means by saying that CDU HAVE TO proceed. They have come so far that for a one project company there is no going back. Full steam ahead, and damn the torpedoes! If they paused now, for any reason, the sp would be 20c or less.
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