Opp is right on the money. HOPU investment fund was set up abut 10 years ago by 2 ex Goldman Sachs chinese executives. Based in China and funded by Chinese investors.
The Singapore subsidiary took a 15% stake in Paladin at 42 cents a share, as Oppy said brokered by Molyneux. On the basis of that and other research suckers like me took part in the CR raising at the attractive 26 cents per share.
Now it's payback time and where as before I have said various things about AM,s ability it now appears he was just a puppet for HOPU who pulled the strings.
No one likes a tr...tor. ( worried about mods) PARTICULARLY when he is your CEO and by definition has to do his very best for the owners. Us 26000 odd shareholders.
As always .....hopu ing for the bestate, but fearing the worst..
Ann: Bondholder and Nedbank Standstill, page-57
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