The fundamental question to ask is this. Where are the steel...

The fundamental question to ask is this. Where are the steel mills getting their IO from at the moment and how much they are paying for it vs what are their cost savings if they buy from SDL. But remember that there is time risk as SDL will not be producing and shipping until 3 -5 years ( not sure of this) So if the IO price falls, they would not have gained much from the partnership.

I just can't get over how the board did not see that Hanlong did not have the money or expertise to run a mine on it's own.. What questions were they asking them before agreeing to the TO offer?
Either they were desperate or ? Can't write it out or I may get suspended for slander. Either way it is shameful.