buy or bail?, page-9

just not sure what "provisional approval means". Never heard FIRB give provisional approval...its either a yes or no. There is just a lot of bull shit with this company. 30th june should be full approval by chinese govt. followed by a swift CDB finance approval. All parties have had more than 12 months to assess deal. They now have the tax and royalties framework/metrics in place so whats the issue....you either want to own and control a significant resource province or not....there is absolutely no risk to howlong or chinese to have all this in place, unless howlong are acting without Chinese approval/support and they are just merely trying to derisk so as to flog off to a proper chinese company for a premium to their buy in price.

i thing GJ and co. including africans are being taken for a ride. Anyway 30th june and 31st august will prove me right or wrong. Again not sure why things can't happen before these deadlines......It would be interesting to see what would happen if GJ said ..happy for howlong to TO but given no finance SDL will also persue other options, suitors etc. i.e. NO SHOP CLAUSE IS OF........