Reading in between the lines and predicting future outcomes the very latest conundrum facing PEK shareholders bodes well for us, and if anything strengthens our financial position feeding the demand side in UK/EU... particularly as a long term prospect based on PEK concentrates bypassing UK and heading straight to China for processing.
Given Angola is in a heavily indebted position to the Chinese and continues to be reliant on their continual financial support. (thank god oil prices are remaining high for this reason alone!) who's to say the SWF would not be pressured into a similar 19.99% deal to offload most of their investment over to the Chinese to allow a controlling stake in our company? Never underestimate the master manipulators at play and the power they yearn to protect!
This latest play should be a massive wake up call to democratic powers. As we're all aware Africa is an incredible rare earth source currently available to manoeuvre away from China's stronghold, but for how much longer do they remain "available" whilst western governments sit on their hands?
PM8 Price at posting:
$1.66 Sentiment: Hold Disclosure: Held
