The Chinese don't care about the shares!! You can't feed people...

The Chinese don't care about the shares!!

You can't feed people with shares you can't build things with shares, they want the commodities.

Take the GBG example. Even after the Kararra plant failed on its ramp up and the iron price dropped and the project was running at a loss, Ansteel (the Chinese steel giant) kept the project running. They didn't care a about the losses, they didn't care about their Australian joint venture partners and least of all they didn't care about the share price of GBG despite taking share issue after share issue.

Below is a detailed independent report written by Deloitte in 2008 explaining to GBG shareholders whether or not a 190,658,824 share placement at 85 cents to Ansteel was fair or not to GBG shareholders.

https://www.gindalbie.com.au/wp-content/uploads/2017/11/gind-geekieyohv-1.pdf

Remember just this month Ansteel offered these same shareholders $25 million for the project or around 2.6 cents/share.

This example shows that state owned Chinese companies don't care about share prices on the Australian stock exchange. Ansteel never sold a single share in GBG when its price went up to $1.80 and they never sold a single share in GBG when the price went down to 1.2 cents but they will own the remaining 64.3% of the project for 2.6 cents per share. Esh