Benjamins,
You sound like AussieJoe reincarnated.
Have you created a new personna.
There is a lot of opinion in your posts.
I don't buy
I struggle
I bet
I'm staggered
but
I like the fact you say the Chinese are quite savvy
Who bought RIO's share of the Simandou mine in Guinea in November 2016 ? Pssst Chinalco !
You must remember that any bank creates money [yes $4 bn] by the press of a computer keystroke.
The Chinese banks are 1st , 2nd and 10 th biggest in the world. They "are good for it"
The world at large believes and has confidence that they can take this scale of loan onto their balance sheets.
Pretty impressive.
I'M IMPRESSED Sorry to let opinion creep into my post.
25% of the money created becomes a direct stimulus to the Chinese economy.
Why would they NOT do it.
The Chinese are first concerned with security of supply.
Second The price should be reasonable.
IRD Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
