a case study in takeovers, page-9

And if the iron ore outlooked had improved significantly since the initial bid, rather than being depressed, you would be howling for an improved offer

Hardly a case study.

While you may not like it, Hanling are being prudent with the money in a world where undeveloped resources are worth much less than they were 6 months back.

The current share price tells you that and more.