Below is an email I sent 10 minutes ago to the 3 due diligence guys at BNN. it's a shot in the dark but who knows.
Since you 3 are probably the best due diligence personalities on BNN and the flavour of the month is allege Chinese rip-offs. Here is another well worth spending an hour on investigating.
Remember early September Jean Charest announcement of 400 million investment with Jilin Jien Nickel Mining for operations in Nunavik, Quebec. No one mention that this is a joint venture (75/25) with Goldbrook Ventures (ticker:GBK on venture) that won a partial arbitration ruling against their so called Chinese partner (stock got halted when announced in July 20, 2011). They for some reason or another don’t understand binding contracts. Goldbrook also filed in British Columbia Supreme Court against them on April 19, 2011.
Yesterday on Headline, one spoke that it is better to invest when the Chinese company is partly state owned. Not so in this case. This one is 50% state owned.
Attached is an article from Northern Miner interview with the CEO of Goldbrook that shows the strain, pain and no gain.
Obviously, this is extremely frustrating for all shareholders who thought we had 25% of a 25 year mine with more a lot more potential and a partner who promised to finance all expenditures. Across the fence is where Xstrata is investing half a billion smackers. If you want pics of present construction of mine being done, just let me know.
rk