Hi HB, I am not advocating that Hanlong Mining will take more equity. What I said was that if the conduit for the debt equity stake was facilitated through Hanlong Group, which is a massive conglomorate, it could be that a one of the steel mills within the conglomorate that takes up the debt equity, but the end result will be the Chinese holding 49% through two different companies. The problem SDL has IMHO is that there is only the Chinese who can provide the very large capital needed at very low interest rates in exchange for equity. I think that is why SDL said they favoured the Chinese option. I do like your reasoning though. Thanks for your input. Other peoples ideas makes you think the nine dots. Cheers
SDL Price at posting:
43.5¢ Sentiment: None Disclosure: Not Held
