Reiner, we all laugh at the chinese.Trying to buy a house at the moment from such a party.In the end will get it for 2/3rds of my best offer which they've rejected when it becommes a mortgagee auction.They Overpaid and can't lose face by accepting a loss.Pig headed when things go against them.
Chinese interests have just taken another 16% of paddington NGF at 25% premium.Now that i wouldn't touch-$100m debt and onerous option terms from memory,just like GUP were here.
won't be much of aussie left to sell china soon. Thank goodness the casino's still aussie owned,or have we sold them the ASX as well,or was that singapore?
Still my scrap value here is higher than market cap. I'd be worried if FMl bought them unless it was stated,IT WAS FOR THE TAX LOSS. Then again,it would keep the market doing the same after the cre consolidation and probably prevent a takeover of FML from popping up. Even a dog with fleas has its uses,says SOLOMON.
DYOR
AXM Price at posting:
1.0¢ Sentiment: None Disclosure: Held