"CHINA'S $US200 billion sovereign wealth fund is officially nine days old and Australian companies have already been earmarked as the fund's most likely investment targets in the Western world."
What do you guys think about the possibility of CMR to be taken out?
Pro:
0.568mt contained copper, 2.2mt contained Lead, 97kt Co, 93kt Ni, and 14.5mlb Yellow cake. A group of assets are well sorted after by the Chinese.
The deposit is close to everything;
Having an insider HNC;
Dirty Cheap share price;
In Australia, there is no geopolitical risk;
Upside for exploration
Con:
Management is getting a bit of too cozy.
Well, Chinese have got US$200b. US$1b might proven well spent, say, $8/share.
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
