ann: fml to raise 227.5 mill via placement, page-107

Whatever pinto

All this means is that they get the other 49% cheaper down the track

The Chinese aren't sitting on Comsec all day refreshing their watchlist every 5 seconds

Smart move to keep the operational side of things as is. Existing management know the assets. Buy 51% now, wait til share price gets to 2c, then take out the rest

Show me another example where Chinese have taken controlling interest in a mining company and the share price has appreciated substantially down the track? I challenge you

Brockman Wah Nam comes to mind here. Time will tell

Cheers