Shooting Star, page-8

  1. 9,615 Posts.
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    The only thing I do concern about is the Chinese interest, chasing after good mining assets.

    They usually offer cheap borrowing, and then strangle the company using debts to take over the production asset in China for the case of Galaxy Resources.

    Or bought part the production assets in Africa and secured a longterms spot rate off take agreement in the case of Paladin Energy, and potential buy off the whole asset, not the ompany.

    I hope, concerning about public backlash in Australia will slow down their dirty practice here. We need a real tough management now to deal with the situation when arise.

    At this stage of the share price, the cost of equity funding is very expensive comparing to using debts funding, hence I just don't see the benefit or a successful CR until we are well into the 80c level. So no worry about the bl**dy CR for now..
    Last edited by ML173: 28/07/17
 
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