GBB, I am not sure where you got the 60% from, I might have missed it. But I read the 2018 Financial report with a reference to the equity deal in 2016 with Shenghe. It required FIRB clearance, and the approved deal has given Shenghe the right to buy up to 12% of equity in future capital raisings from GGG. If Shenghe refuse to exercise that right, then it might show that they are showing disinterest in GGG ,but so far, their 12% of the pie is in-tact.
The deal also mentions that Shenghe has communicated their willingness to buy up to 100% of the produced REE from GGG.
That's what I have seen, all in the announcements in 2018 and 2016.
Might have missed a thing about 60%. Can you substantiate it?
If not, I might turn to NRO who always gave me a straight answer. Your chance to redeem yourself from my dis-trust list, show me I am wrong.
GBB, I am not sure where you got the 60% from, I might have...
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