The more I look, the more sense it makes...
Gupta:
- currently resident in Australia
- acquainted with our chairman and CEO
- seems to happy to take on 'risky' assets
- passionate about steel production
- has experience making money in Nigeria (ventured into business at Cambridge University by selling chemical products to Nigeria where his industrialist father had business interest (Reuters, Dec 2017))
- seems happy enough to invest in Nigeria at present (purchased the UK subsidiary of Diamond Bank - Nigeria's largest - in 2017).
- has family in Nigeria that are involved have been involved in African commodities for 50+ years
- brothers' company website identifies the 'appalling' situation in which '$3.3bn of steel is imported', despite 'the abundant presence in the country of the requisite raw materials, like iron ore and coal'
Ann: Successful Completion of Testwork Program, page-32
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