George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Id say his 5 billion is about 4.9 billion more than muddy waters.
Worth 5 billion id say he knows more about business than us small fry
They turned 10 mill to $5 billion so im sure they got more right than wrong.
How can we get deja vu. We weren't in sino forrest. Im sure them 2 own many many shares. In many many companies.
Ah here comes adzy with his comparisons. Yeah ok mate we get your short again lol.
“ Mr Chandler acquired his stake in Sino-Forest in August, two months after Carson Block, the US shortseller, accused the company of “stratospheric fraud” and just weeks before Canadian regulators halted trading in the company’s shares. Sino-Forest last week began legal proceedings against Mr Block, accusing him of defamation.”
Oh ffs.
http://www.theglobeandmail.com/amp/globe-investor/the-billionaire-investor-who-bought-into-sino-forest/article592688/
“He is not the only investor who decided to gamble on Sino-Forest after short-seller Carson Block alleged the company was a "multibillion-dollar Ponzi scheme" in June. Boston-based institutional fund manager Wellington Management Co. LLP has also amassed a significant stake, making it Sino-Forest's third-largest shareholder.“
Wellington owns 5% of NMC and Chandler own 3%... deja vous anyone?!
https://santangelsreview.com/richard-chandler-sino-forest-and-how-to-turn-10-million-into-5-billion/
He ended up owning 20% of sino forest before they filed for bankruptcy protection... so maybe more buying to come here from him.