citic pacific sacks two directors

Citic has sacked the directors who arranged the funding for its Balmoral project. They have lost two Billion $ in currency hedging since the collapse of the AUD (20/10/08 on Bloomberg)
Clive sounds confident of RDI float but the chinese are extremely cautious by nature, the Gov will order its companies to pull there heads in, no one will take another risk after this one and Sinosteel buying at top of the cycle and paying big prices for companies that have had massive price falls.
Doesn't sound at all good, for the china story. Bugger greed got to Clive and unfortunately for ARH, had to get bigger and bigger, now, no one wants nickle and Iron Ore is cheaper on spot market than contract prices. can sheep graze on Nickle and Iron ore tenements in WA?