sinosteel takes shares in lieu of cash, page-55

"Second Sinosteel could have taken the money in cash and then ordered a broker to buy on market, they would have been able to fill their demand within 28 days at a lot lower price. "

There is no way 3.3m shares could be bought on market at $3 - downsides broker figures show how much churn is required each day for Morgan Stanley to be a net buyer everyday

I doubt you could even buy 1m under $3.50 average let alone 3.3m ! Why do think M & G took 8m at $4 in January when they had already bought 10m on market ?

Because they know it cant be done ! - there isn't that much cheap stock left in the free float..
Hoot