Hi everyone,Hope that we all aware what is happening, the...

Hi everyone,

Hope that we all aware what is happening, the Chinese are in the process of buying at rockbottom prices an ever bigger stake in the Australian mining sector.

This certainly does not bode well for our medium to longer term prosperity, when all the profits will directly be going to China and we are left with the empty holes in the ground.

OZL is not the first one who is going this path, but so far the biggest pie for the Chinese to fullfill their longterm secure offtake requirements for a cheap price.

Lets see if the Governement will let them get away with it.

And yes I do agree with some of the posters on this board the the goverment has to do more to get the miners access to finance at a sensible price.

Good luck to all holders

jojo