GREY:ADEXF - Post by User
Comment by
zedman4on Sep 18, 2010 12:54pm
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Post# 17464565
RE: RE: Re: Bullish
RE: RE: Re: BullishActually I don't think the Chinese bid for 19% ownership
of axi is serious. Not when they will have to wait for
the North West Passage to open up, or ship via the
Panama Canal.
No, not when they can obtain and are presently getting
much of their supply of iron ore from much closer to home
and greatly cheaper like from Korea, Africa and Australia.
It only makes sense that the present proposed deal for
18% is a stink bid and will most likely be low balled even
lower depending how deperate AXI is for cash.
Imagine stealing 19% of a property worth billions for a mere
$3 millon and some change.
The Zingers I believe are only interested in getting a seat
on the board and tiying up the property for far off in the future.