And if the iron ore outlooked had improved significantly since...

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.