The deal is one foreign entity (surprise, surprise Chinese) is trying to accumulate 90% of the share holding which only means one thing!
Go figure.
We were expecting a profit on the next report in June to be of equivalent of $2 a share, when the share is valued at less than $6 share AUD.
The profits were derived mainly from NSW coal! Owned by the people of NSW!
Like the Fin Review said " a cash grab".
I call it theft!.........
News: YAL Yankuang Energy Plans To Increase Shareholdings In Yancoal Australia, page-93
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