Does anybody Remember this "TROJAN HORSE" in 2008 ??
Strategic Alliance with Resource Development International (RDI)
On July 4th, MEO announced a strategic alliance with Resource Development International
(RDI), an entity associated with Prof. Clive Palmer, one of Australias wealthiest men who
has extensive and long standing business connections in China. Prof Palmers private
company Mineralogy subscribed for 21.391m shares in MEO at $0.55, contributing $11.765m
in working capital before costs. RDI is seeking a Hong Kong Stock Exchange listing later
this year in support of developing its iron ore, nickel and energy interests. Notwithstanding
the unprecedented turmoil in financial markets, RDI has advised MEO that it continues to
press ahead with its listing plans and has had a number of encouraging discussions with
potential cornerstone investors
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- petrochina perhaps?
Does anybody Remember this "TROJAN HORSE" in 2008 ??Strategic...
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