ARH australasian resources limited
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After the currency hedging debacle the Chinese Govt offered a...

  1. MAGADAN
    1,490 Posts.
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    13/12/08
    01:09
    Post #: 4601773
    After the currency hedging debacle the Chinese Govt offered a 1.5 billion US stand by facility to CITICPacific.

    However they changed their mind and will now enter in to a convertible note issue which will increase their stake from 29.4% of the company to 57.6%.

    Larry Yung has obviously had his butt kicked.

    So the Chinese Govt is now firmly in control.

    Just more of the never ending twisting and turning surrounding this nightmare.

    I wonder if this changes the dynamics of the Sino project and the RDI float.



    ARH Price at posting: 31.0¢ Sentiment: Hold Disclosure: Held
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