I just watched Jim Chalmers (minister overseeing FIRB) on channel 9 news @ 6pm saying he is heading to China this month to promote mineral trade in light of both economy's somewhat cooling.
So, we have the Chinese Govt approving all paperwork for Miracle Iron to be purchased by an Australian citizen, we have the minister of the FIRB and treasure heading to China to ramp up trade talks, we have the opposition minister of the FIRB (Angus T.) saying last week to the FIRB get CZR done..... and yet the market is pricing 0% of the deal being approved.
which side of the fence is everyone sitting on?
Me = this deal will get done and share price upside of at least 100%
deal @ $110m CZR market cap including the sum of all the parts (including gold resource next door to DEG which is the only reason I bought in) is $57m
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(20min delay)