If, even for a second we believe BB has the upper hand over the Chinese on Ancuabe, he would have said LOI for NH stand as it is, and we can look at Ancuabe separately in 6 months. The only possible reason I can think of why TON capitulated to the Chinese on NH and extension of the LOI is because it has not much to stand on now to ask for the $200m.
TON :
"you want Ancuabe? Give us the $200m as promised and we can continue the DD with NH"
Chinese:
"you want our money? We have lots of it and won't give you a single cent because you need us more than we need you. So let's just hook Ancuabe on the cheap and sink our fangs in further".
Stop thinking like a westerner when dealing with the Chinese.
My opinion only, DYOR.
If, even for a second we believe BB has the upper hand over the...
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