Knowing the Chinese pretty well, Jason might have taken the chance to negotiate buying over the phosphate project but rejected by MNB. Hence, he pulled out fr share placement as a revenge. lol.
Many plausible explanations that I think we will not know the real reason for a long time.
Meanwhile, stay calm and see what works out the best for you.
Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-279
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