I suppose the impatient will be selling on open if they're unable to wait a few more weeks/months. Some things do take a little more time to get done.
Nov. 24 (Bloomberg) -- Gindalbie Metals Ltd., planning a A$1.8 billion ($1.7 billion) iron ore mine in Australia with Anshan Iron and Steel Group, expects to complete a $1.2 billion loan accord with China Development Bank Corp. by early next year.
“We are down to the lawyers detailed term sheet discussions, so we’ve got a letter of commitment from China Development Bank,” Chief Executive Officer Garret Dixon said today by phone from Perth. The accord may be signed by the end of this year, though more likely early next year, he said, adding that the terms of the loan are “very competitive.”
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