Ann: SHAREHOLDER APPROVAL OF SHARE MORTGAGE, page-17

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albalad

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03/08/15

13:54

Post #: 15741399
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Originally posted by strike101 ↑

In many ways GBG is a forerunner to how a lot of Aussie resources will go in the future. The Chinese play a very patient long game. My view is something along this lines:

1. The Chinese acquire resource, assets, leases and companies in Australia at depressed prices.

2. China negotiates a Free Trade Agreement with Australia whereby China can supply its own labour and resources to work what is acquired. This is exactly what the recent FTA the liberals negotiated allows. Under the FTA China not longer has to pass tests as to the unavailability of Aussies to do the jobs, nor does China have to pay or provide Australian wages and conditions to the workers it brings in.

3. China brings in their own labour and resources to operate and profit from the leases and companies acquired.

To some extent the above would happen even if the liberals weren't the ones negotiating the FTA. It is a natural consequence of the shrinking world we live in. Having said that this recent FTA fast tracks that so that it happens now and at a far greater cost to GBG workers.

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I think you are correct - but only if Australians allow Australian politicians to get away with this - the real problem is not the Chinese - they will do what they are allowed to do.

Its about time for Australians to get off our collective arses and start to realise where we are at - there is more to the world than AFL/Cricket which most off the world does not even know exist.

GBG Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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Ann: SHAREHOLDER APPROVAL OF SHARE MORTGAGE, page-17

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