There are alot of firm investing in China but so far I didn't hear any being rejected by the Chinese.
Chinese love Aussie investment. Chinalco try to rescue Rio after being dump by BHP on the merging plan last year. Unfortunetely, without giving an early notice or open discussion with Chinalco. Chinalco was dumped by Rio with the reason it is solely business and Rio's shareholders favour BHP's plan. Chinalco had not even given a chance to give a higher offer.
Just remember this. What goes around, comes around. I wish Rio and Bhp merging plan is a successful one this time. Because Chinalco might be once bitten, twise shy.
Back to MMX. I think Sino will still this opportunity to lift stake to 49.9% but will be very caution already.
MMX Price at posting:
$1.77 Sentiment: Buy Disclosure: Held
