The point in the quarterly regarding the Chinese government questioning the riskiness of the project. Call me optimistic, but this surely is part and parcel of a rigorous analysis before any international investment outside of China takes place (outflow of funds from China). However, the investment is only $10M or so and comparing this to a Billion dollar Chinese economy, the investment is immaterial.
On what grounds would the govt reject such a proposal? How 'risky' do they class CF as? As mentioned in the quarterly, mgt and GRAM have been responding to govt requests, which only means that this process may carry on for a while longer but with greater success as the review process is thorough. Any thoughts guys?
ord: where are we?, page-10
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