Chapter 0147: Empty Glove White Wolf

This beachfront mansion in Sydney's prestigious affluent area of PointPiper features 8 bedrooms and 7 bathrooms, a heated swimming pool, a private jetty and sauna, as well as multiple terraces overlooking the verdant meadows and Sydney Harbour.

The mansion has not been sold since it was listed for sale in 2007. Mainly because the buyer's asking price was too high, and this period coincided with the subprime mortgage crisis affecting Australia, and under the influence of these two factors, no one has bought this mansion.

Finally, in February this year, Yang Peiqi spent 42.8 million Australian dollars to buy this super waterfront mansion. This price is staggering even at PointPiper, which has a median property price of $8.25 million. However, it still hasn't broken the record for the most expensive luxury property in Sydney, which sold for a whopping $45 million in 2008 before the financial crisis affected Australia.

At that time, Yang Peiqi happened to be in Perth to talk to the Premier of Western Australia Barnett about the Darling Mountains mining area, and then came to Sydney to fly back to China. happened to hear the news, Yang Peiqi thought that she would come to Australia from time to time in the future and needed a place to stay, so she contacted the seller, who knew that it was really negotiated.

The mansion originally belonged to retired printing tycoon Myskin and his designer wife, who bought it for $28 million in 2002. In ten years, they netted $15 million on the mansion.

In fact, this time I came with Zhu Huanlin. It was the first time Yang Peiqi stayed in this mansion. Last time he just took a quick look and signed the purchase agreement.

After the entourage put the luggage in, Yang Peiqi sat down, and immediately someone came over to prepare hot coffee or something for them, Yang Peiqi drank two sips, and lay on the sofa with a view of the sea, with one arm on his pillow. Looking at the sun that was about to set, and the sparkling sea level, he asked the directors of the Australian branch, "What is wrong?" Do you have to come here in person? ”

The general manager of the Australian branch was transferred from the Explorer Mining headquarters, and he was Yang Peiqi's own family, named Yang Mingyu. He was one of those people that Yang Peiqi had commissioned Bai Xueying to recruit, and his original position was deputy chief executive officer. In February. When Explorer Mining Australia was established, Yang Peiqi sent him over as the general manager of the branch, and of course, his position as deputy CEO of the headquarters was still there.

Seeing that the big boss asked, Yang Mingyu replied carefully: "There were some problems with the previous agreement, but the most important thing is that Governor Barnett wants to meet with the chairman again, and then have some in-depth discussions on in-depth cooperation." ”

After the backdoor listing of Explorer Mining on the Hong Kong Stock Exchange. Yang Peiqi concurrently served as the chairman of the company, and now he is the chairman and president of the company.

Yang Peiqi listened to Yang Mingyu's words. With a slight sigh of relief in his heart, he nodded and said, "Oh, it's not that it's easy to break the contract." ”

Yang Peiqi was a little worried that the Western Australian government would break the contract, after all, the iron ore discovered was too big, and the value of the super-large iron ore with reserves of 10 billion tons was immeasurable. Although Australia is also a contract society, when the benefits are big enough, it will also make people take risks and destroy the contract.

"Barnett is a good guy, I guess he just wants us to invest a little bit more in Western Australia and support him to have a good record during his tenure. Moreover, you don't need to go to Western Australia, because Barnett himself has already come to Sydney, and he can come and see you tomorrow. Yang Mingyu explained to Yang Peiqi.

Yang Peiqi nodded, and said in her heart that this person is still knowledgeable and interesting, the investor is the largest, if you want to have political achievements, how can you not attract investors? The last time I went to Western Australia in person, it was because I was just an inconspicuous person at that time, but the world has changed, and now my identity has changed dramatically. I've come from thousands of miles away, and it would be too unreasonable to let myself go to Western Australia again.

Explorer Mining is already Australia's fourth-largest iron ore producer after BHP Billiton, Rio Tinto and FMG, but this is only in name only, as are Explorer Mining's mines are still under construction, as are railways and ports to transport ore. However, there is a fact that cannot be ignored, that is, the current explorer mining is already a large company with a market value of nearly 9 billion Huaxia coins. And, if the company is successful in listing, that number will have to double.

Of course, even if it doubles again, the market value of Explorer Mining is only about $3 billion, and the gap with Australia's top three mining giants is still very large. Because FMG, the weakest of Australia's three mining giants, has a market capitalization of more than $18 billion.

As for the production capacity, even after the Explorer Mining is completed and put into operation, it will only be about 20 million tons in the first year. The annual output of 20 million tons of iron ore is not enough for the annual consumption of a large domestic steel mill. So now the most important job of Explorer Mining is to expand production capacity.

And if you want to expand production capacity, you need money. However, Yang Peiqi's current strength is limited and can only be financed from the capital market, and investors see that the current scale of Explorer Mining is still small, and they also have doubts about whether they can survive in the market monopoly of Rio Tinto and BHP Billiton, so the market response is not very enthusiastic.

Based on this situation, Barnett thinks that Explorer Mining's investment in Western Australia seems to be a bit problematic, and if there is no large amount of capital to support it, the mining area probably has no future, so he wants to meet with Yang Peiqi in person to talk about investment.

Until now, Barnett still thinks. Yang Peiqi, the guy who suddenly appeared, is the spokesperson pushed out by some people in China. But how did he know that Yang Peiqi was just a grassroots with no backstage.

In fact. Yang Peiqi wants to revisit the original Andrew. The way to make a fortune for all FMG in Forest.

From 2003 Andrew. Since Forest's acquisition of a 47% stake in United Mining Processing Company for $8.4 million and the renaming of it FMG, Forester has locked users in Huaxia and began to promote the "Huaxia Route" step by step.

In 2004, he came to China with a total investment of about $1.85 billion in the Pilbara iron ore mine and infrastructure project. However, in the face of the cautious attitude of Huaxia steel enterprises, Forest's lobbying did not go smoothly. People familiar with the matter recalled. At that time, Baosteel and other state-owned enterprises also set up a research team, but they were later blocked by relevant ministries and commissions because he could not produce geological reports. Resource reserves could not be determined.

According to insiders, Frist used the trick of "white wolf with empty gloves", and when he was doing the first phase of project development, he first borrowed money from the bank to do exploration. After the geological report is explored, the project will be promoted. And then he raised money, just in time for the spot market in those years, he got the money from the private equity investment bank, and the snowball rolled out.

In 2006, FMG finally completed the geological report, confirmed the previous resource reserves, and went to China again to publicize.

Although people in the industry have been complaining about its operation methods in the capital market and exaggerating resource reserves. But after 2006, FMG's road in China has been smoother and smoother. With his astonishing courage and talent, Forrest successfully lobbied a number of domestic steel companies to buy FMG's "One Paper Futures".

As of the end of 2008. FMG has secured long-term supply agreements and advance payments of more than 10 years from 27 Huaxia steel companies, the largest two of which were signed with Baosteel and Tangsteel. In the next 10 years, FMG will supply 20 million tons per year to Baosteel; A supply contract for a total of 145 million tons was signed with Tangsteel, and the annual supply volume has gradually increased from 2.5 million tons to 20 million tons. In February 2009, Valin Group became the second largest shareholder of FMG, owning 17.4% of FMG's shares, and will receive 10 million tons of iron ore supply per year.

Although the agreement was signed in full swing, it was not until April 2008 that the first phase of FMG was fully completed. In May, the first iron ore was dug up. Due to the "futures" agreement and FMG's limited production, 98% of the iron ore it excavated had to be shipped to China.

The long-term orders signed with Huaxia Steel Enterprises are extremely valuable, and FMG has thus obtained the most powerful bargaining chip trusted by the capital market. The company's share price soared from less than $0.1 at the start of 2004 to $9 in July 2006. It reached an all-time high of $62.86 on 21 December 2007.

In March 2008, with the support of the concept of China, Andrew. Forest, a boy who grew up herding cattle and sheep on a farm in the isolated Pilbara region of Western Australia, became Australia's richest man in 2007 with a net worth of $9.41 billion, the highest wealth in Australia's 25-year history, before FMG unearthed its first piece of iron ore.

Since the first shipment of iron ore to China in May 2008, FMG's share price has continued to rise, with a total market capitalisation of $35.832 billion in June 2008, and Andrew's personal wealth has risen to $12.895 billion (36% holding).

What Yang Peiqi is doing now is with Andrew. Frist is much the same, and even better. This is mainly because Yang Peiqi has the super cheat of Explorer 8, so he has received a large amount of start-up capital. And unlike Andrew. Forest, like that, had to go to investors and give most of the shares to others.

Today's Yang Peiqi, although he only nominally owns 60% of the shares of Explorer Mining, but the shares he really controls are as high as 75%, whether it is Zhu Huanlin, Sun Wanru and Xiang Juan, or Chen Lisha and other company executives each own 3% of the shares, or Chen Lisha and other company executives owned 6% of the shares, they cannot be traded, can only pay dividends. Even the shares owned by Chen Lisha's company executives will be taken back after they leave the company.

It's not that Yang Peiqi doesn't want to control more shares, but because 75% of the controlling shares have reached the red line of the company's desire to be listed on the Hong Kong Stock Exchange, because the Hong Kong Stock Exchange stipulates that the public float of all listed companies must not be less than 25% of the total shares. (To be continued......)

PS: The actual number of words in this chapter is 3389, because there is a lot of information in it, so the number of words displayed is fake, so it is to prevent everyone from spending more money, so it is hereby explained. In addition, while everyone reads the book, don't forget to vote, both recommended votes and monthly passes, the more the merrier.