glencore "very interested", page-32

....Termsheet will not be delivered - H/L will be cut loose (I hope with breakfree penalty) and will be told to come back with cash in hand. This opens playing field for Steelcompanies in China to step in without having to deal with H/L...

Hotazel, I don't subscribe to this scenario at all. If the CDB terms sheet fails to be produced altogtether(it may be delayed), then China's takeover of SDL is effectively terminated.

It must start from scratch using another entity and apply for all regualtory approvals to resume a process many months down the track (for no bebefit to China whatsoever). The Africans will not suffer anymore of wasteful delays, they already thanked the Chinese a year of delay arising from the Insider Trading Crime.