PEK 2.70% 19.0¢ peak rare earths limited

News: PEK Shenghe Resources to buy 19.9% of Australia's Peak Rare Earths, page-221

  1. 3,622 Posts.
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    Not immediately unless the BOD invite them.

    However, Shenghe's intentions are fairly obvious ~ control of the Ngualla resource
    Now with 20% of the shares and creeping 6%pa, it might take five years but eventually it will happen.
    In the mean time, how many western financial institutions are going to put up any money for Tee-side ?

    You also need to hope that the BOD do not do a Cap raise, as they are excluded from the creep ceiling.
 
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