Nice post PO. My thoughts exactly. Less about PE and more about underwriting the robustness of China's agricultural capacity, particularly being the number one grain producer in the world.
Rathborne would be eying the upcoming ETS and the likely massive impact it will have on the chemical sector. He's at the age where he should be enjoying the fruits of his very impressive career - maybe even some philanthropic moves. He's already begun selling (at 11.25) indicating he is moving closer to the door than away and his realisation of the company's worth is tempered in the constrained credit paradigm IMO. Patience should be rewarded but weak hands will fold while the lack of news continues ...
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- sinochem could offer between a$12 and a$15
sinochem could offer between a$12 and a$15, page-40
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