asset sale, page-9

I guess the same could be said for Mount Gibson (MGX) WangChung, they could have easily left them to go under, but instead they have a capital raising @ 60c.
Don't fully understand why, maybe things get messy when goes into administration, for all we know banks would float PH on the market a few years later like they did with Century. I have no idea how that works, how did shareholders lose their holdings when administrators didn't even sell the company - I mean how was the asset value determined?

Australian regulators have blocked foreign ownership for mining companies before, citing it's not in Australia's best interests. If there was a fire sale you can be damn sure Aussie miners like BHP would get preferential treatment. Perhaps the best shot Chinese companies have is to settle for a JV agreement.

I might be way off the mark, but that's my take on it until someone can correct me :)