Limwl...don't overlook the wisdom of that old saying "if it looks too good to be true, it probably is". I can assure you that "repatriation problems" is the official reason advanced as to why the company cannot pay a dividend. I have asked them.
And hey, they can get around problems here. As an ASX listed entity, surely they could secure a line of credit in Australia which could be used to provided monetary liquidity in Australia. It might prove expensive with a degree of security provided in China itself. But what a perfect way for the head lady and her Chinese friends to move funds to Australia. Most ofthe dividend would be paid to them.
No doubt about it, the company financials look good...and if they were that good, why aren't the Aussie based directors buying (including the Chairman) in there buying liking drunken seaman?
TTC Price at posting:
7.1¢ Sentiment: None Disclosure: Not Held
