And the fight could be longer than everyone thought. A billion tones of cocking coal at a prime location could be the fetal attraction to anyone.
The battle between two great ancient civilizations for the black stuff. Long way to go! The Indians are inches ahead with 20% holding. But there are 50% + held by Mr Wu and his comrades, it can be easily transferred to Meijin.
Look, Meijin is a private company in China, I guess the pure purpose for them is make money, not control. It can be easily passed by FIRB. Take this hurdle out!
Fasten your seat belt, or trade aggressively. Today we should see the Indians match the Chinese bid or out!
Well, I still deeply suspect the value of the RCI's tenements, and Why does Mr Wu want to sell it out? There is a significant risk in this stock. I won't commit large money on this one.
RCI Price at posting:
41.5¢ Sentiment: None Disclosure: Held
