UMC
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0.00% $1.30 united minerals corporation nl

FIRB approval should be no problem for CRM for the proposed...

  1. uio
    293 Posts.
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    09/10/09
    13:01
    Post #: 5756226
    FIRB approval should be no problem for CRM for the proposed placement. FIRB will not want to appear any more anti-Asia and this is a small bickies transaction for them.

    A full takeover/scheme would be a bit more uncertain and may face BHP objections - dragging on.

    Agree that the whole process could take many months.
    UMC Price at posting: 91.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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