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Thread: China slams Chinalco rejection
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[quote=BOBERT,370621]Marrie.."tore up the agreement with the fines that is just tiny part of huge tangible and intangible benefits they got from china at that time" Would you call US$195 million "just tiny part"? I wouldn't! That's the break fee that Rio paid Chinalco.US$195 million. I repeat. Rio got NOTHING whatsoever from China! NOTHING more than an offer from Chinalco to buy an extra 9% at a huge discount! " it came back to life soon with the fair market value doubling even tripling". In fact Rio shares traded at A$30 just prior to the Chinalco offer. They traded last Friday at $46. Definately not "doubling even tripling". Just a 50% increase which is inline with other resource companies during the same period. "detained with the prosecution of business spies". Not business spies Marrie. Real SPIES! They have been accused of stealing state secrets! A crime punishible by DEATH in China! Isn't it strange how China feels aggrieved by the Rio executive gaining sensitive information but allows it's secret police full access to Rio Tintos private computer files. It smacks of hypocrisy to me.[/quote]
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