Matt, i believe you've read the article I linked to from today's AFR, as you referred to it in your first post on this thread. Here is the link again for others:
http://tools.afr.com/viewer.aspx?ATL://95803096-f069-11e0-bdf7-28bc8571379a§ion=tools
It does say tat Rio or BHP could weigh in with a bid after the mining conventions are secured (well, it says the prospects of a bid are not "completely fanciful"). So Hanlong can't really keep out another bidder.
Re this:
"Hint: Mining permit signed but not dated sitting in Biya's study desk draw."
I haven't seen any evidence as to that, nor have I seen it mentioned other than on Hotcopper. Do you have a source?
You would have also read in the article that Hanlong and SDL are meeting with the Cameroon President, later this month. They want a special meeting of parliament to ratify the mining convention, as Cameroon parliament will have had their last sitting for the year, before the SDL/Hanlong meeting. It seems like an extraordinary amount of effort if the documents are just sitting in a drawer somewhere.
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