Yansteel is a private company listed in Hong Kong and very keen to expand their investments outside of China (for obvious reasons, lest their wealth get re-distributed for 'common prosperity'). Regardless of one's view on Chinese involvement, NAIF is not a 'gift' to SFX or the JV by the Fed Gov. NAIF funding is a loan to be repaid to the government with interest over 30 years, secured against the project. Cheap long term debt (albeit subordinated to the private financiers) is still debt... everyone is a winner if it helps get regional mining projects over the line.
Ann: 2021 Annual Report, page-19
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $118.4M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.0¢ | $32.29K | 106.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 482264 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 90000 | 1 |
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| SFX (ASX) Chart |