Did anyone read the article in the Australian on the weekend about Indian steel maker Bushan buying a significant stake in Bowen energy (BWN). In the article it mentioned that because the company has a market cap less than 50 mil there was no need to run the investment by the Foreign Investment Review board. Can I just ask if or when for various reasons these small cap co's become companies with market caps over the 50 million and they are half owned by india or china etc. what then ? Is there some sort of review... I must say I was a little concerned about this. Does this bother anyone in terms of all our small cap mineing companies at threat to foreign control with no need for review? After all as someone on this hc said once all we have to sell in Australia is our dirt.
