TOE 1.85% 26.5¢ toro energy limited

I got burnt by them as well. The GFC was a fantastic opportunity...

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  1. 1,516 Posts.
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    I got burnt by them as well. The GFC was a fantastic opportunity for the Chinese players who held back re financing OZ via their influence on the banks who held loans; and let it bleed with the most incredidable and targeted negative media news that drove the share price down (Deliberate and targeted by state funded Chinese players) . So eventually with OZ on its knees, and share price plummetting, it got an amazing offer. 1 Billion to buy them out of debt . They got the LAOS copper mine which was an amazing Copper profitable mine developed by Oxiana. Owene Hegarrty was brilliant, helped the local econemy as well big time providing employment and building schools and hospitals.
    The first thing the new buyers did was flew in their own workers from China, pissed off the local workers and started shipping copper back home to China. Australia lost out big time on this deal and almost nobody noticed.



 
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