I agree. The Chinese have played this perfectly. They put GXY on the debt teat and let it suck itself into trouble. China was always going to be a perilous place to do business given we are in a 'strategic' sector where national interest concerns (promoting particular exports, securing raw supply) are interwoven with commercial ones. It was management's role to manage those risks. A simple diversification of debtors (i.e. not just Chinese) would have been a prudent.
- Forums
- ASX - By Stock
- GXY
- decision
decision, page-14
-
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online