"we need them a whole lot more than they need us and the Chinese are easily offended"
that is my concern.
with this latest international "insult" from UMC management where they endorse a "local" deal at a lower price as opposed to the CRM deal, will the chinese tell UMC to stick their CRM deal where BHP applied the KY??
what would you do if you were the chinese??
you have a stranded deposit worth billions. CRM - infrastructure solution specialists. they want some stock at $1.35. they have loads of cash and have mentioned building their own railway. they want 3mtpa of ur ore. you say yes, lets do a deal. THEN u sell out to bhp at a lower price!!!!
i know what id be saying if i was china...
UMC Price at posting:
$1.26 Sentiment: LT Buy Disclosure: Held