absolutley spot on!! hand over the 14m and whatch steel mill step in.... the NDRC dont wnat hanlong on this deal.
clear and simple!
get rid of them as per the SIA.
I hope to god NDRC say no extension to hanlong, cmon enough is enough.
one thing is for cetain the negotiations with steel mill are at embryonic stage and this whole time table has been designed to give hanlong as much time as SDL mngt think the Shareholders will swallow, to jv or on sell to a third party.
for all those saying why would anyone want to JV with SDL when they can buy the whole lot?....well you can ask the same question why would steel mill or anyone want to partner with hanlong if the can buy the whole lot?......Its just absolute madness from the board.....lets wait another 6 months to then agree andother 6 month delay. cretins!
get this thru you thick head board! hanlong are not capable of TO! they have NO MONEY! and they will not get anypone foolish enough to partner with them.
Steel Mills and NDRC are probably waiting for this to fall over a natural death but SDL mnagt keep propping up the dead body...just for another 6 months....
they should have killed it back in 2011! absoulte morons.
wache the exits, share price over the next 6 months will get down to that magic 25c or less Thanks Hanlong im so glad we ahve an SIA in place to prop the share price up
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