pipiman, the market is just manipulation and fun and games. You need to get down to basics.
If you looked at the UMC share price before BHP lobbed a crap bid, you would have thought the end of the world had arrived.
Ask yourself the fundamantal question about why China needs Sundance, why they have not walked away and granted the NDRC approval after a 9 months delay due to teh insider trading scam, why the IO spot price is back at $123 / tonne and creeping higher.
Why would China always under the fear of being milked by the Big 3 IO cartel woudl walk away from a resouces (total ownership from mine to port) that IN THEIR OWN WORDS will give China A SAY in IO price negotiations.
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