RCR rincon resources limited

Ann: Trading Halt, page-30

  1. 6,525 Posts.
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    No. The big boys are the lend leases, Thiess, John Holland and etc.

    Their tactics are to go in low and ask for, demand and litigate for variations.

    Even tho it could be their own doing like going slow to force or stopping work to force a client to pay or agree to a variation.

    It is all the same. The big issue is the ones that are owned by Chinese. They could choose to declare bankrupcy for the subsidiary. Other thing is they can use more foreign labour for management roles, foreign machinery, substitute steel or parts.

    So it would not suprise me if lend lease get bought by another chinese company.

    Not all China's steel is destined for one belt one road.

    Nuts and bolts are currently specified to a european standard just to avoid chinese product in australia and australia doesn't make them any more.
    Last edited by Nightmarez3k: 13/11/18
 
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