Nice find Staunch,
""(CNN) — When top Chinese diplomat Yang Jiechi met Cameroon President Paul Biya in the capital Yaounde last month and wrote off a chunk of the African country's debt, the deal very nearly went unnoticed.China issued no press release, and the Cameroon government did not mention the debt cancellation in its write-up of Yang's visit.It was only when a Chinese news report later alleged that Beijing had written off 3 trillion Central African CFA francs ($5.2 billion) of Cameroon's debt during Yang's trip that the existence of a deal emergeThe figure was incorrect. Five billion dollars is close to the amount Cameroon has borrowed from Beijing since 2000, according to the China Africa Research Initiative (CARI), and exceeds the amount the country is believed to still owe.""
IMO the Chinese know how valuable the Cameroon commodities are and are trying to get in early on any favorable deals that may eventuate.
One thing for sure is that the Chinese don't overpay and never give things away.
All bodes extremely well for Canyon, just need to read between the lines.
- Forums
- ASX - By Stock
- CAY
- On the ground in Cameroon
On the ground in Cameroon, page-27
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $127.2M |
Open | High | Low | Value | Volume |
19.0¢ | 19.5¢ | 18.5¢ | $266.0K | 1.381M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 552209 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 4366729 | 0.080 |
3 | 5025316 | 0.079 |
3 | 3750000 | 0.076 |
2 | 45000 | 0.070 |
1 | 40000 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 150000 | 2 |
0.084 | 345680 | 4 |
0.085 | 364900 | 4 |
0.086 | 430000 | 2 |
0.087 | 230000 | 1 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
CAY (ASX) Chart |