Hey goldenchromite,

First, the government, in its own wisdom, can certainly make the decision when not to allow a sale of a Canadian company to a foreign entity, if it feels that the sale would not be in the interest of Canada. Also, any deal would need to be approved by the provincial government. You were pointing out a recent high profile case, the BHP proposed takeover of Potash Corp of Sask. It was blocked because it was deemed not to provide the net benefits to the province and the country. The governments had to go through a comprehensive analysis before making such a decision. But note that BHP is not a Chinese company. The main consideration is "the net benefits" to Canada, and not the country of origin of the predators, China, Australia, etc...In addition, it's not the 100%, it the majority/controlling position (51% is good enough?) in a Canadian company that would trigger the government's review.

Second, it would be fair to single out a company and discuss about that company in its aquisition practice, fair, unfair, trustworthy or not. Take CLF as an example in its M&A activities in the ROF. $6M for UC is fair? Some people would call that opportunistic, etc. But, that is not the reason for my objection to your sweeping statement labeling a race (the Chinese in your case) as untrustworthty. It's simply uncalled for.

goldhunter