Nothing surprising with this announcement. Firb is never going to knock back any investment from overseas for the majority of commodity investment. Reason being, is no Aust company has the capital or risk factor to pour in the billion of dollars to do exploration work or build the infrastructure needed. At the very minimum, the resources stays in the ground for ever, the bonus for firb is the stimulation of jobs on any scale with overseas investors taking more control.
Watch this space! Sooner or later it will be bust or boom I'm backing the boom side, now can someone please dump their shares at one cent so I can buy more on this boring announcement. LOL
LCY Price at posting:
1.5¢ Sentiment: None Disclosure: Held