Found this on the DADI website. Sounds very promising to me. Almost sounds like a JV deal is going be done at some stage and that they are currently negotiating terms.
Am I reading too much into it?
Group President Finished Australia Visit Successful
Dadi and Xiexin seem very closely connected. You have to wonder why DADI increased their holding to 19.6%? Their average only goes from 75 cents to 70 cents per share.
I looked into Xiexin and I believe they are a subsidiary of GCL-Poly Energy Holdings which is listed on the HK stock exchange. The President of Xiexin, and chairman of GCL Poly, Mr Zhu Gongshan (who visited Bundi and Wiggins Island) I believe he is listed at number 488 of Forbes billionaires list and number 30 on the 400 Richest Chinese.
Why would they want to JV with Metrocoal when they can own it with their friends DADI?
A little disappointing that Metrocoal did not divulge much about the visit to the market.
Found this on the DADI website. Sounds very promising to me....
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)