Franco, you will also be surprised to see that the holding company who announced becoming a substantial shareholder today is owned and controlled by a Chinese steel mill and thus by virtue, the Chinese government.
Below is from the ACS thread (i couldnt be bothered re-typing to i took the lazy option and copied my own post):
As todays announcement showed, the registered address of the new shareholder (Golder Bell Enterprises) is "Room 3405, Lippo Center Two 89 Queensway Hong Kong".
Obviously, this raised all or our suspicions today.
Who approaced who? Did Richard Oh set this up? Or were we approached by this Hong Kong 'group'.
Well, a poster on ASF stated that he is actually aware that this group is a 100% SUBSIDIARY of "PIONEER IRON & STEEL GROUP,which is a large Chinese Group" that is in fact a 100% SUBSIDIARY OF THE CHINESE GOVERNMENT [ie, State controlled].
So, CLEARLY, this is MASSIVE NEWS. We have a subsidiary co of a MAJOR CHINESE STELL CO registered in Hong Kong putting over $1mn into this junior company.
This is huge. There would be 10,000 companies located throughout Hong Kong, China, South Korea, Japan, and Australia that come between Golden Bell Enterprises/Pioneer Iron&Steel and Accent Resources (ie, 'us'; lol).
This is obviously a strategic acquistion on their behalf. No one could possibl dispute that.
But the question is, IS THIS JUST THE BEGINNING?...
Below are the posts/link to the posts outlining this find: http://www.aussiestockforums.com/forums/showthread.php?t=5499&page=6
