re: Ann: Dajing Production Sharing Contract S...
""(I doubt we will receive the PSC if we reject the takeover. High price for Guanxi...)""
Roiboi,
I think that it is a bit of a sweetener so that we will approve the Takeover/Demerger Scheme. If we don't approve it, we won't get the Production Sharing Contract either. Like holding a knife on our throats, lol.
As you said Roiboi, it will be a high price to pay for it.
And, ""("The PSC signed between the two parties requires regulatory approval in China and PetroChina will submit the PSC for required approvals )"". Does that guarantee that we will also get the PSC approved.?? There are no guarantees there. Only that Petrochina will submit it for the approval.
And knowing how China operate, anything is possible. China is not Australia. Remember that.!!! And they will never give anyone full control of anything they own.
Buddy
AOE Price at posting:
$4.89 Sentiment: Buy Disclosure: Held
