how do hedge funds think?, page-15

....Its a big ask spending $6b in the African Jungles...not all companies have the stomach for it..that shows in our lack to ever get another suitor/JV...

No worries, once the hedge funds block the 45 cents bid, HanLong (sorry, the People's Daily tell is it's actually the combined might of of likes of Sinosteel, Wuhan Steel, Baosteel, Hebei Steel, Jiangsu Shagang, Anshan Steel, Shaogang, Nanshann Steell....etc) will have the deal revised in no time.

If the PRC is dumb enough (doubt it) to declare a "final", the counter-bids will come thick and fast.

This is why there is so much fear that the NO vote will gain critical mass.

Think the hedge funds know how to make a "quick buck".