Post by
mayorkgh on May 10, 2013 8:43am
Don't abandon ship
Investors should not forget that only one month ago Li Ka-shing's holding company backed the $30 million convertible debenture financing, which will make that group the second largest shareholder behind Antofogasta after conversion. Li Ka-shing is one of the shrewdest investors in Asia and wouldn't have made this investment without a fairly strong expectation that it was going to pay off. I'm not sure what role Dundas had to play in this but being the CEO I would have to guess it was substantial.