America: My Time

Chapter 297 Australian Mining
Chapter 297 Australian Mining

"Boss, if the home appliance industry didn't have such a promising future, I would have suspected that this might be a trap that little fox John had prepared all along. Otherwise, how could such a coincidence happen!"

"This is no coincidence, but premeditated. Perhaps he was already scheming when we recommended the quartz sand mine to this little fox. We were too careless, forgetting a crucial issue: monopoly. John, this little fox, controls 90% of the quartz sand market. Under these circumstances, it would be strange if he didn't raise prices. With rising quartz sand prices, home appliance prices rise, and semiconductor chip prices also rise. Nvidia's profits are unimaginable, and the profits from the gaming world will be astonishing. The listing of the gaming world will likely make this little fox a fortune again. If we had known this, we shouldn't have recommended it to him."

Upon closer examination, this makes perfect sense. The rise in the price of quartz sand triggered a chain reaction of price increases, naturally affecting electronic products, including game consoles. This maneuver was astonishing. It not only boosted the market capitalization of the gaming industry but also increased the market value of Nvidia and the entire semiconductor industry. While those old fogies were reluctant to see John, this little fox, grow stronger, they felt both pain and joy as the market value of their own semiconductor holdings and the electronics factories under construction increased. They were pained by John's growing power but pleased by the rising value of their own companies.

Needless to say, the Japanese were overjoyed, thinking that cooperating with John, this little fox, was the best thing ever. With just one move, he had increased the market value of the entire industry, and the spring of the semiconductor industry was about to arrive.

John didn't care what others thought or thought. The acquisition in Australia was still unresolved, which made him a little disappointed. If he weren't worried that making a big fuss would attract the attention of those old guys, John would have liked to go to Australia to see what was going on!

That's how those Australian guys handle things. Even though someone wants to acquire the company, they're too slow; it'll take them some time to reach a conclusion. However, these guys have no idea that John doesn't have that much time to waste on this unintentional acquisition.

Australia isn't just home to Western Mining and Northern Mining; there are countless mining companies across the country. John only wants the mining capabilities, not the mineral resources they own. If these companies won't sell, plenty of others will.

When the acquirers intended to abandon their bids for Western and Northern Minerals and shift their focus, they quickly panicked. The mining industry is currently in a downturn, and the availability of buyers is very attractive to the shareholders behind Western and Northern Minerals.

These guys quickly adjusted their mindset and dared not delay any longer. Internally, things progressed rapidly; both mining companies were willing to sell, and a purchase agreement was reached shortly afterward. It wasn't until Quantum Mining's funds were transferred from their accounts that the old guys in the US discovered the Australian acquisition.

“Damn John, I knew this little fox was untrustworthy. You didn’t believe him, and now you see. He has many more methods in the mining industry that we don’t know about. Australian mining, what a fine Australian mining! Now this little fox has decisively placed his mining operations overseas. The mining operations in Canada and Mexico are just to attract our attention and make us lower our guard. His real target is overseas, in South America and Australia.”

“We believe in Australia. He has now acquired Western Mining and Northern Mining and integrated them into Australian Mining. But there has been no movement in South America. How can you be so sure that this guy’s target is South America? He has more than a dozen prospecting targets in Canada and Mexico. If this is just a way to attract our attention, it seems a bit of an exaggeration.”

"Do you really think that his crazy spending is because he wants to make a big splash in the mining industry? These are more than a dozen mining areas, and the fees he has to pay every year are not small. I don't think all these exploration targets will yield any results."

"We can't be so absolute. We don't really know John, this little fox, and we don't know if he's determined to develop in the mining industry. But judging from the current situation, this little fox really wants to make a big splash in the mining industry and make a big splash. Quantum Mining has already established a foundation, so we need to be cautious."

"How should we deal with this? Are we supposed to compete with that little fox John for the mines? I don't think that's a good thing. The most important thing is that this little fox's target is overseas. Even if we want to do something, we can't. Don't forget the security company that this little fox has. It's not just for show. This little fox is still accelerating the development of the security company."

"Speaking of security companies, I'm reminded of something. How's the situation with the acquisition of Lanai Island? Several months have passed; surely there must be some progress?" "Construction has begun. I must say, this little fox's ambitions are astonishing. The overall plan for Lanai Island is shocking; it's practically a semi-military place, not the recreational area this little fox described. At least so far, we haven't seen any tourist attractions. However, the defenses of the entire Lanai Island are constantly being strengthened!"

"What is he trying to do? Does he want to use Lanai Island as an overseas base for his security company?"

"No, I don't think so. Although Lanai Island is currently focusing on building up its defenses, it doesn't mean it's a security company base. After all, construction has only just begun, and there's still a long way to go. We can't prove everything in such a short time. In comparison, I'm more worried about his continued expansion in the mining industry. If even a third of this little fox's exploration targets yield results, it will make him a mining tycoon overnight. We have to be wary of this, because his goals are not simple!"

"Oh, did you discover something? If so, just say so!"

"I don't know how you view this little fox's development in the mining industry, but from what I understand, his goal isn't domestic expansion, but rather overseas. Perhaps his only domestic ambition is the quartz mine he acquired. Of course, don't be fooled by his diamond mine in Canada. Although he plans to mine it, the costs aren't high, so it won't put pressure on his finances. Overseas, our understanding of him will be even more limited, and that's the biggest problem. The emergence of Australian mining is the best warning. With Australian mining, there will naturally be American mining, and so on. You should all know what will happen to Quantum Mining then."

Quantum Mining is just a shell, a shell used to attract these people. The real development in the mining industry is in the subsidiaries under Quantum Mining. Quantum Mining itself may not show any expansion at all. At that time, no one knew the true situation of John, this little fox, in the mining industry, because as long as his funds did not flow back, no one would know the true situation of these mining subsidiaries.

So what if you understand? No one can change this situation because many companies in the US operate this way. As long as overseas funds don't return, there's nothing anyone can do. And it's easy to imagine that Quantum Mining will always be operating at a loss, with no profit whatsoever, and it won't be able to collect much tax.

"It seems our plan has failed, and those bastards Morgan's ideas have also failed. Bringing John, that little fox, back his investments is almost unrealistic. Even if there are any, they are investments we already know about. His overseas expansion will not stop, and we need to be prepared!"

"Prepare? How can we prepare? We have no idea about this little fox's true overseas plans, or even his true overseas destinations. Mines might be one of them, but what about the others? Everyone knows that semiconductors are in Taiwan, but research and development is still in China. So even if we want to do something, it will be very difficult."

"Perhaps we really should have listened to Morgan's advice and not handed over PwC to that little fox John!"

At this point, some people thought of Pratt & Whitney's situation and Gulfstream, which John owned. While many airlines were struggling, Gulfstream Aerospace was unaffected. This was all thanks to the wealthy Middle Easterners. Their intervention directly changed John's situation.

With Japanese banks backing him financially and Middle Eastern tycoons supporting his product sales, John, the little fox, faced virtually no pressure. This situation left the old men incredibly frustrated. It wasn't that no one had ever considered investing in the Middle Eastern tycoons, but none had received such substantial support—only John, this young upstart, had achieved that.

"Let's find some time to sit down and have a proper talk with Morgan again. We need to know all about John the fox's acquisition activities with Morgan. Only by understanding the true situation of this little fox can we make a better response. Otherwise, we will always be led by the nose by this little fox and always be at a disadvantage. I believe no one wants to accept such an outcome or face such pressure. Now we can only compromise with Morgan, otherwise we will only let John the fox get out of our control."

(End of this chapter)