Ann: Market Update, page-11

So sad......reading this back in the day this would have looked like a life line but now in the context of global tensions it's got red flags all over it.

Chinese SOE taking majority stake in an ASX listed company named 'Austsino' (sounds pretty Australian donit? lol) which will then have control of an un-tapped rich iron ore resource.

Let's be honest, this move was/is/could have been viewed as a longer term play to take out the likes of RIO, BHP and FMG.

Even if we now turn to India for a pitch for funding it will then be blocked due to Africa's strong ties with China.

I could be wrong but starting to feel we're up shet creek here.