Lots of dissent for a Chinese minority holding in the takeover vehicle but not one word about the Anglo Dutch involvement.
Without Chinese money fortescue would be a pipedream as would dozens of other projects. That's to say nothing of the Chinese demand underpinning almost every resource project in Australia.
It's fairly normal for a major customer to buy into a project.
I wouldn't be happy with thx current price either but that is no excuse for xenephobic undertones. Especially when it is directed at one group and not the others.
This is a fairly straight forward situation. The directors either think it is a good price given the dart spinoff or they think it will prompt another bid. That's it. There is no bogeyman communist looking to steal your gas. If you can get a better price, there will be another bid. If not then that's all you get.
It's just ridiculous to think there has been arm twisting or collusion.
AOE Price at posting:
$5.17 Sentiment: None Disclosure: Not Held
