hi seedy, its a commonly given reason for investing that M&G and the Chinese investors must know what they're doing.
Just pointing out that M&G don't have a great track record in the resources space. The Vanguard PM fund is perhaps the worst performer in its class, and they have stock specific debacles.
Likewise Chinese investors in general don't have a good track record in Australia. Failed projects, major cost overruns, long delays and/or poor returns are the norm (though they sometimes have different motives than pure financial investors). This is known to be a current concern in Beijing.
So yes, you're better off having them than not, but that's no reason for anyone to invest their own money.
CDU Price at posting:
$3.17 Sentiment: Sell Disclosure: Not Held
