1. Chinese mentality in Australia for mining will never be successful. They can not adjust.
2. Only the Chinese could stuff up a project like Rocklands
3. From the very day the Chinese took control it started on a downward spiral.
4. After month of not trading and not putting out accounts for a year or more, I believe that by the end of June you could bet your house or your wife, it will the over. The auditors will not allow it to continue past 30th June.
5. The Chinese who never adapted and constructed a process plant that never operated successfully from day one have blood on their hands. They put through grades two time higher than the most profitable copper mines, but the plant fell apart and what didn't fall apart was condemned and closed by the mines department.
Cudeco, instead of taking action against the company contracted to build a successful treatment plant, made the the Sinosteel boss the CEO and in an unbelievable turn of events the company announced they would not pursue Sinosteel for the non productive plant.
What a joke and a mess they have made of it. None of the Directors even live in Australia.
Well another one bits the dust by June 30 if not before, is my guess
RIP
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