Silence means serious confidential negotiation is happening.
That's what GM means by enginering a "oontrolled transaction" that is win-win.
He was very kind about Sino and why they are valid in being concerned about the timetable and tariff and so on...
Essentially, he is saying to the Chinese, if you want JHEP (the crown jewel of the Mid-West) you have to pay a fair price (not excessive but fair).
If you screw us, the outcome is unpredictable.
Who knows, perhaps Mitsubishi could frustrate the Chinese by paying MMX $2 a share in their own "cotrolled transaction". This is the UBS valuation if the ore can get to capsizes.
for sale, page-21
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