Hey greyhound trainer, the millions that Jinchuan put into Fox (i think by re-collection $17 odd million) is loose change for them. Pretty much like buying a tatts ticket. Jinchuan is the biggest nickel producer in Asia. Its profit alone was somewhere between $1 and $2 billion AUD in 2007, so $20 million represents 1% of its total profit if you use $2 billion as the profit.
There is not very much that Jinchuan can do for Fox now other than give it more money. In this economic climate i think Jinchuan would not even consider it an option.
You are just punting on this stock now. It cannot produce at a profit during the good times, how the hell can it now!
Good luck
FXR Price at posting:
9.8¢ Sentiment: Sell Disclosure: Not Held
