I think you will find the joke is on the HAW shareholders.
Chinese may have bought at a higher price but they still own that percentage of the gold, which is worth a lot more to them then the share price.
Chinese buy for the long term 20, 50 100 years down the track. They are prepare to sit on it for future generations . They are not interested in having it develop you will find and which is why very little is done with drilling and exploration work. The bare minimum is done to hold the lease and as years go by, they will slowly accumulate more shares at a cheaper price, bringing their average price down and making it a bargain buy for the country next generation.
HAW Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held
