Assuming the deal is with a Chinese controlled entity I suggest caution and silence is the best strategy. The Chinese do not trust anyone and any suspicion that any insider was trying to push up - manipulate the price to get a better deal then the Chinese may just walk away. I have seen it happen where there was a multi billion dollar deal lost because the Chinese company thought that the Company Secretary leaked information that appeared to increase the market price. They will assume that others are trying to cheat them and will walk away from a good deal if they imagine that they see that happen. It was a different commodity but a much bigger deal than this. Paranoia is the norm in China and decisions are slow because decision makers must spread the risk in making a decision because if the decision goes badly then the decision maker can be held personally liable for the decision and pay with money, or prison or a complete halt to their career. It is a blame and punish society the likes of which most Australians cannot imagine.
Just suggesting why there may be quiet on this front and that patience is required.
MTC Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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