re: Ann: Rockland Copper Project - Financing ...
Just got back from a days sailing so missed all the news just catching up on the threads - Agree monumental achievement to borrow a 100 gorillas without a BFS , but we do have a director on board at CDU and at Minsheng and If memory serves me correctly our other director Mr Ma was also a former director at Minsheng.
We havent seen the fine print but I expect they will get first mortgage security over the rocklands project so W.M has gone all in on the river card now with Chinese - Hopefully the yanks wont pull another black swan on the world - I remember vividly what happened to OZL in the GFC - they were still profitable but the banks made them fire sale the assets to Minmetals and all they were left with was prominent hill.
Kudos W.M huge achievement.
hOOt
CDU Price at posting:
$2.16 Sentiment: None Disclosure: Held