Guess, I am pretty accurate down to the $$ raised from the rights issue. I thought it would be Valin (already on the register) and not Baosteel...anyway.
With Baosteel on board, getting China Development Bank load will be as easily as picking up the phone !
....."What may happen is Valin may demand a higher stake (via a rights offering using a 60 day average sp for argument sakes, this will quickly inject maybe $2 billion) with some dilution that Twiggy can stomach.
A FIRB approval is a GIVEN especially it still maintains Valin as a minority holder but given Wayne Swan's stance on the Chinese investment debate lately (as Australia is now going broke), it will NOT be blocked.
The rest (the best past) is a loan from a syndicate of chinese banks to party or wholly replace the western banks with a much longer maturity".....
Guess, I am pretty accurate down to the $$ raised from the...
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |