Re: Future Baosteel investment
posted on
Jan 16, 2012 08:12PM
The timing of each would definitely suggest that. IMO this structure originally served NOT well... Knowing the economy was in the tank, the arrangement provided some decent security, with an assurance of future investment if there were ongoing delays in infrastructure development, and continued global uncertainty... I think it's right to be concerned though because the closer to year end we get, the easier it is to get under the security blanket and keep waiting it out... Looking beyond this, I would want to know how long that new cash would last. Any one know how much it would be?