A40 0.00% 8.2¢ alita resources limited

interesting process that the chinese used to bring A40 undone (...

  1. 982 Posts.
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    interesting process that the chinese used to bring A40 undone ( besides management incompetence) :

    A40 - chinese welch on the off-take agreements, crimps cash flow, share price declines, liquidation ( maybe a few other steps in between ).

    Bellamys - chinese authorities deny some market access, share price declines, chinese make lowball takeover offer, Bellamys weak management accept offer ( and probably get their nice payouts ).

    Our market rulers - ASX,ACCC,ASIC etc have not caught on to this process, it's a creeping takeover process that needs to be stopped dead in its tracks.

    I am tired of losing perfectly good Australian companies to chinese/foreign buyers - it limits my investment universe.
 
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