The chinese are really dumb and out smarting themselves when you think about it. They are just scheming, stingy, exploitative and at the end of the day shooting themeslves in the foot.
If Han Long (even a moron knows it's a front for the PRC) forked out some more loose change at $1 a share and wrapped it up quickly (I think Peabody announced their bid for MCC after Han Long announced the SDL bid), then they wouldn't be in the present situation. Instead, they wanted to drag things out for a whole 12 months and then those dodgy Chinaman decided to make a quick insider trading buck on the side. Holy Moly !
The PRC has bottomless pockets (raking more in foreign reserves every day at a rate more than the bid price for the entire SDL T.O price of 57 cents) and a dire need for long term IO supply security. Absolute Morons !
With Xstrata and Glencore combining, it won't be BHP having a look see IMO.
SDL Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
