AUH 0.00% 0.1¢ austchina holdings limited

Ann: Sale of Surat Gas Pty Ltd - Further Extension Granted, page-6

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  1. 9,235 Posts.
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    delays are never welcome... but I am not surprised that there is some delay here... the $ figure they have quoted is not a huge amount but not small change too - at least for players in this space.... so a delay of 4-6 weeks is expected...

    still risky as the deal could always go bad - especially if the Chinese are involved... I have always had bad experience with Chinese deals on ASX listed companies (in this spec end of the town)... more chance of deal not going through than going through...

    will wait and watch - but if the deal goes through, it will be HUGE boost to the sp for sure... will result in cash on hand 50% ABOVE the market cap - can see us above 1.5c for sure... risk v reward in favour of AUH, so staying put and if I can get some money freed up, I will top on AUH soon...
 
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