RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE I view Yang as coming up with mining opportunities, but have been very impressed with Lee re creative financing. You are right in his aversion to bank financing...to date, Instead, he seems to have found "Chinese" solutions. The larger mines up north may require more standard bank financing. Dixon's focus has always been to structure accretive deals. Bank financing allows that.
To me, the significant change is their willingness to consider additional opportunities outside Guizhou, and the HK listing.
Unnoticed, btw, is that with their recent acquisitions, the co. has now passed the threshold to be a consolidator. They are also building out infrastructure - mining and distribution, as we know. So, they are expanding within the province but while waiting for the big rush to consolidate, it seems some very good opportunities are being generated by Yang.