time to sell?, page-33

Street Talk in today's AFR reports GJ and Hanlong boss met with Biya in China...

...I doubt the offer will get pulled.

It will rise. I wouldn't expect $1+ but rise it will.

Anything under $1 and Hanlong get the buy of the century in terms of China's long term strategy. Even with $4.6b capex to consider.

If Hanlong take it the most depressing thing will be reading reports over the coming years of how much more resource they uncover on SDL ground.

And they will!

With Cameroon prepared to get super cosy with China, I would expect China to absolutely destroy that place in their frenzy for resources.

Biya and his successor will get very rich...
...but they'll be the only ones.

Doubt Hanlong's mission statement is as honourable as SDL's. They won't be overly concerned about 'giving back' and making a positive impact on Cameroon society.

My thoughts only.