For my part, I hung out to the last.
But remember, we as shareholders permitted this.
They flashed the cash and we took it - didn't make us.
No one else was interested.
The Chinese have become expert at acquiring fields of potential that require work and investment and take a long term view.
There would have been a few setbacks on this between the weather, obtaining permissions and commissioning the mine. I think , the MD saw the writing and opted out for a quick dollar and safe exit.
MRP took the money and got out, the rest took the money and lost it somewhere else.
The choices have been all ours ( up to 50 % )
There will be more of these scenarios across the bourse with similar fields of potential.
To illustrate, I hear that in WA there will be a Lithium processing plant to be commissioned near the port - nearly 1 Billion -
- my question to you - is why is it Chinese ? and Not Australian ?
Can't be arsed, will sell the nation out - from resources, to businesses to farming and prime property
- You are witnessing the Sinofication of Australia before you and we were all part of that in PGO
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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