I wonder if Timeone will get $$$$ from the state or is it all...

I wonder if Timeone will get $$$$ from the state or is it all part of the chess game like what is happening at sundance ?--relevant post to PLV from that thread below


Wah Nam withdrawing Brockman (BRM) from being an ASX listed company can now hide up who was funding Wah Nam,who will be running BRM Projects.
All orchestrated through the Chinese Government I believe."

So after conceeding the above, and having a perfectly good working example of a Chinese private entity taking over an IO hopeful with the support of China Inc, I just don't get how you can have as your most likely scenario that Hanlong is just there to help get the permits and conventions so it can profit on it's approx. 20% stake. It seems such a huge stretch that Hanlong would go to the lengths of concocting a Scheme of Arrangement, to try and secure NDRC approval for the transaction, get the credit terms from the CDB, so that they could then secure African permits and conventions, but not really want to go through with the Scheme. Shouldn't the Africans have seen through this ploy, that Hanlong is just trying to goad the permits and Conventions out of them in the hope of another bidder?

We have along the way also had Hanlong representatives themselves come out and say that this is how China is circumnavigating the 'rule of law' in Australia, by using private Chinese entities, how Hanlong will be a top 10 producer after the SDL acquisition, rubbing their hands gleefully at the thought of the billions of tonnes of IO on the tenements.

"Why have the people who said Hanlong have got Sundance Resources all tied up,all of a sudden started talking about a steel mill coming in with Hanlong or taking Hanlong's stake?"

I still believe Hanlong will take this out. I've always thought that Chinese SOE's would need to partner Hanlong via construction / off-takes / funding. Basically I think Hanlong is going to squeeze out SDL shareholders and take the place of what SDL was trying to achieve.

I don't see many reasons at all to be honest as to why Hanlong and China would feel the need to bring current SDL shareholders along for the rest of the ride.

I guess time will tell!