Ok cummins, but I had already described the scenario.
If Top 2, AO-Zhong/ECE, after cudeco's information, wants to get out, then certainly not below entry level.
How much shares would AO-Zhong sell, what SP, are another questions. To whom and when the next and 30m will definitely not be enough either.
That should all be clarified at the moment. Also the question of whether and to what extent Apollo and Top 3, Bo Tan, will remain involved in GBE in the future.
If we take Arafura as an example, it will hardly be possible for GBE to attract western investors if the above mentioned questions are not clearly clarified.
Then there would have been nothing for GBE except enormous expenses (conferences/roadshows) and China and Co. would win the race.
So who will win the race and how many shares ultimately remain in the top 3?
Will the new investors ultimately become western majority shareholders in phase 2?
GBE Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
