in the back of my mind I have this thought that the Chinese are always very well organised and band together to get the best deal...
They have all this stuff going on in the background pulling towards the one goal:
1. guys negotiating IO prices with BHP, Rio etc 2. guys issuing press statements about falling IO prices 3. people claiming to have found the largest IO reserve in the world 4. people actively looking for investments to get supplies away from BHP, Rio and Vale etc etc
None of these parties are acting in isolation in my opinion, its all linked together and they are all playing their part in China's eventual goal to secure IO (and other resource) supplies from other locations so they can reduce their reliance on the big three....
Sundance just happens to have one of the likely candidates that the Chinese appear to likey very much
All in my opinion, of course
AtM
SDL Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
