ARU 0.00% 17.5¢ arafura rare earths ltd

beware chinese bearing gifts?

  1. 414 Posts.
    I hold shares in Lynas and held in ARU until last week. I was quite pleased that Lynas was not taken over by the Chinese.


    "While more and more Canadian resource companies are forging successful Chinese partnerships, one junior miner now says it is the biggest mistake it ever made.

    Wednesday, the chief executive of tiny Tiomin Resources Inc. took a nasty shot at state-controlled giant Jinchuan Group Ltd., claiming Jinchuan tried to manipulate Tiomin over the past few years.

    "I believe they've acted in massive bad faith and simply strung us along," Robert Jackson said in an interview.

    The allegation comes just after Jinchuan abruptly cancelled an agreement to take control of Tiomin's Kwale titanium project in Kenya."

    Read more: http://www.financialpost.com/story.html?id=2156243#ixzz0VijWtYWT


 
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