I've just read on Sky News that a Northern South Australian Coal Fired power station has been purchased by a Chinese conglomerate for $4b
Has anyone seen / heard who this conglomerate are? I cannot find any more info, aside from the caption on the Sky News loop?? wonder if it is Shanghai Electric?
wonder if this is the (I thought) partially demolished Pt Augusta Power Station - and more so - where are they sourcing Coal from?
LCK Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held