Exactly right mate. There is no such thing as getting majority ownership of a JV with China. NEVER happens. How many emails with dodgy attachments have been received by Link already over this deal?
I know what the document said about IP. I had a bit of a giggle over that. That IP is long gone!!!
How many Link executives will be happy to work in China in thie boondoggle? Sadly, probably a few. They should talk to Stern Hu's wife about what its like to work there.
I am happy to see the GTL technology finally being realised commercially but to think that we will remain the technology leaders in this area in the foreseable future is naive.
LNC Price at posting:
$1.36 Sentiment: Hold Disclosure: Held