If any Australian, East Asian, US or EU banks/insitutions/major miners had bid what CATH bid today in the past year, likely could have got it even cheaper.
Its not like any were blocked from bidding.
As for not being able to get funding.... FFX/INR/PLL/SYA/CXO/LKE all proven that pre production mines are not getting tradiotnal funding without a corner stone equity partner.
As for Evergrande, their gearing is not that much worse than most western property developers sure they had 300b but they were also developing 2700 estates compare that to 40 for Meriton
Had Australian Government implemented the new debt limits aka 3 Red Line in Australia Mertion, Stockland and many othery developers will go bankrupt too.
AVZ Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
