Well that's a cheap board seat for Zhaojin Mining only cost them $2mill in July. Looks like there was no other alternative to investment than from the Chinese, would have been an interesting negotiation so perhaps now if the new board members can actually see some value we may see some cash flow in or alternatively a takeover at bargain basement prices and we shareholders hung out to dry. Another Oxiana / OZL situation but on a smaller scale, a cash strapped distressed sale perhaps.
DYOR, my opinion and ramblings only.
Well that's a cheap board seat for Zhaojin Mining only cost them...
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