ANS austsino resources group limited
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Looking to buy ANS, page-170

  1. bruceleroy
    721 Posts.
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    20/10/21
    11:10
    Post #: 56931754
    Yeah, I read something way back about the sum was allocated as part of a joint procurement platform to give them better pricing negotiating power for iron ore as BaoWu kept gobbling up the other SOE steel works to now become the massive goliath it now is.

    If I remember correctly, they tried to negotiate with Chinalco to buy a stake off them in Simandou South such as how in desperate BaoWu was at the time to have a slice of the action. Haven't heard anything since.
    ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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