Who pulled the pin Jiaming or CRG. Jiaming would seem unlikely...

Who pulled the pin Jiaming or CRG. Jiaming would seem unlikely because they provided the process with CRG putting up the $$$.CRG is partly government owned and this could have caused problems and delays."The ox is slow but the earth is patient" Maybe JRV finally ran out of patience. Does anyone know if the Chinese govt even approved this deal?

I don't know why CRG were interested anyway. All that money to be made in the Congo (very stable and honest govt.), currency hedging (plenty of money in that if you know what you are doing), property developments (great time to be in that) and finally China keeps the money because they want their economy to heat up and have lots of inflation lol.

Maybe CRG were advised to take the Wong track. Perhaps CRG played the Wong hand.

Maybe Jiaming's process was not economic at these current Ni prices.

So there you have it from the land of Dr.Noooooooo. Noooooooo deal. What a surprise.

What is surprising is JRV trying to make deals with recalcitrant partners.

They will be back, China still needs Ni and JRV's got plenty of that. Lets hope JRV goes in harder next time and gets a better deal for SH's.

With their own process they would be better off long term anyway. In business the Chinese give you nothing and expect everything.

Deepdiver Plenty of Air