someone still selling off, page-29

Hi hcd68,

As I roughly debug my exposures and experiences with the Chinese Biz Smarts, and try to put my brain cells in sync with how they would normally wrestle this, it turns out that they don't have to take over the whole SDL... or majority own it (like 50.1 or even 51%).

If SDL now owns 85% of CamIron, the local entity that actually owns the rights and licenses over there, then, they only need to own around 49.5% of the whole SDL (which then make them freely move without the takeover rule stamping on them in OZ), BUT, the key is owning (or controlling) say at least 9% of CamIron (as 15% is owned by the Gov't, etc.. etc..).

This would then allow them to gain 42% control of CamIron from the SDL-side (ie. 85% CamIron Ownership x 49.5% = 42.08% control equivalent to CamIron). Then if they can acquire 9% on the CamIron-Side, which they can easily do that (as that side is prone to corruptions and payouts to whoever wants to take the cash and run)....

THAT'S AN EASY 51% CONTROL OF THE ACTUAL DIGGING AND MINING AND RUNNING the Actual Operations from the actual site where the Iron Ore is. Let's face it, that Mine is not going to be run "directly" from the comforts of Perth's Office.... it's not going to happen.

Mates, if there is a takeover, that means it's good for the holders right now....BUT, it won't be good if you have put into the equation that SDL would give you a very rosy and bountiful early retirement.

Cheers...