china daily - more than hint of done deal !

http://www.chinadaily.com.cn/business/2012-06/26/content_15523123.htm

Hanlong associates are mopping up all they can in the one month before the NDRC rubberstamp. Today's end-of-year selling is the last opportuntity IMO to load up. Amazingly the sp is now lower than before the FIRB approval (which arguably was the most problematic of all the conditions to be satisfied).

Crucially, the ChinaDaily is the official mouth piece of the PRC. The last time (prior to the ASIC sting that nabbed the insider traders), the Chinese press were running hot with gloating stories just like this one quoting the CISA chiefs among others.

http://www.chinadaily.com.cn/cndy/2011-07/19/content_12929639.htm

Positively the SDL release suggests that the NDRC will also consider the resource upgrade. Perhaps final offer of 60c ?

For those who don't understand China well, here is a picture that should put everything beyond doubt. After the NDRC rubberstamp on July 31st, the CDB will come up with the cheque ASAP (to speed things up in the interest of China).

China can't screw up this deal for it's relationship with Africa and her credibility will be forever damaged.