CWH looks like a shell of a company to me, to easily enable acquisition of australian resources without going through the usual foreign regulations to me. Based in China this deal is all about securing energy for the future and a cheap way to do it is to get in the ground floor in exploration stage.. Most chinese firms are 52% owned by the communist government in some way shape or form. The JV company to exploit the wa/nt assets will have expertise from both boards. Guessing they will be using Eve and Max and Co here for the expertise in development of these assets. That's the way china is doing business at the moment.
TPT Price at posting:
37.5¢ Sentiment: ST Buy Disclosure: Held
