5 weeks and not a peep, page-38

gents
shandongs prior Chinese purchases were for percentages ranging from 70-90% the view being keeping existing personnel in place with only the need for over site.most of what has come to pass with hindsight can be seen to be factored.into the sum paid 225m-25m acccounts-25m this qtr-25m drilling-25mrecommisioning barnicoat-25m sorting out royalties givves100m working capital with room for some cheap acquisitions.
there is no way stone didn't know what it was getting into.
not much more to say is there except they valued FML at 250m plus and they are proud of their 20% return on assets
dyor+dyodd carefully
shandong have too much to lose screwing over FML minorities in future acquisitions .they need to standout and not be rejected as they are in their last attempt before FML.