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Correct REllison, one of the primary drivers in setting up in...

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colinu

46 Posts.

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05/11/20

15:58

Post #: 48666872
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Originally posted by REllison: ↑

it's not just about cheap labour in China it's about cheap and abundantly high quality rare earth materials. Will China shoot itself in the foot and drive business away. I don't personally think so.
China is changing and cannot continue acting like it had in the past especially with IP.
I don't think we will or should move out of China, but I'm waiting until I know what has actually happened before I make any conclusions.
Hopefully we don't have to wait for too much longer either..

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Correct REllison, one of the primary drivers in setting up in China was supply of Lanthanum, PET should remain there but ensure basic financial controls are implemented. Sadly OZ Mgt have been asleep at the wheel for way too long, hopefully the new CFO is up to the task !

PET Price at posting: 24.5¢ Sentiment: Hold Disclosure: Held
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