THe elm mine adjoins another Chinese mine project.....a Chinese owned railway which is going to go to a chinese built port. I reckon if dingy gets blocked another Chinese entity will step in to take over elm. Dingy was just a shel way for the Chinese state. To take over elm. Dingy was being financed by a 1.8b loan from a Chinese state back which was convertible into equity in the project. There are many synergies joining elm and the project next door plus the cartels back and up now.......so expect another takeover offer if dingy is blocked.
Also the sp is back to the same level that it was when dingy first came.....so where is the risking taking a stab at elm?
K2P Price at posting:
27.5¢ Sentiment: ST Buy Disclosure: Held