I think rather than having another Chinese entity take over from Han Long (as a face saving way for a Chinese climb down) which will result in many months of delay and another round of FIRB apprval (China has to find another private mob - can't think of any apart from Hunan Valin - that may be acceptable given it's part Aussie involvement in FMG).
The fact that one side may CRACK first indicates that China is in a weak position as it is dead set in acquiring Sundance and simply want to see if Sundance succumb to their thuggery.
I mean what if Sundance simply DOES NOT want to crack first !
The Chinese must then fork out the cash as AGREED.
What else would they do. WALK AWAY ?? LOL !
The walking away bluff has NO LEG to stand on and George Jones and Hedge Funds know that.
Now the hedge funds really SMELL BLOOD !
SDL Price at posting:
33.5¢ Sentiment: None Disclosure: Held
