massive posco indian steel io tie-up, page-49

Its fair to say that no one is happy with the failed Hanlong deal. Everyone from the shareholders to the SDL management and board.

To be honest the board did its best at the time to put together the best deal it could for the shareholders.

Somewhere between the NDRC moving the goal post and the arrest of Hanlong Chairman Liu Han the deal fell over.

Its not the boards fault!

So its no use everyone attacking each other on this forum, because the share price has slumped.

There is simply nothing that can be done about that in the short term.

The board has Citic Securities, Satori Investments,
Ernst & Young,PCF Capital Group and UBS working on getting the finance partners for this project.

What we should be doing is looking at the positives that have taken place over the last 12 months, with conventions signed and mining permits granted.

So if you are an investor then you need to be patient and wait until we jump the next milestone maybe later this year.

If you are a gambler much better to take your money to the Casino and take your chances there.

Just stop complaining! Investors always take a risk when parting with their money.