GBG 0.00% 2.6¢ gindalbie metals ltd

All this talk about Ansteel at some point buying out GBG...

  1. 251 Posts.
    lightbulb Created with Sketch. 1
    All this talk about Ansteel at some point buying out GBG etc...is just nonsense. Pretty sure I read somewhere several years ago during the build phase of the Karara Plant, that the Project would never have got the go-ahead by the Authorities if it wasn't a Joint Venture (with an Australian company).
    There's a reason why we have a FIRB authority - to oversee stuff like this. And I'm quietly confident that if the Chinese ever decided to make a play for the rest of Karara shares that GBG owns - that the FIRB will give it a big Thumbs Down.

    They allow the Chinese to buy farms, properties, houses etc, but when it comes to National Resources...that's a whole new ball game.
 
watchlist Created with Sketch. Add GBG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.