comments byhanlong & 2nd offr delay good 4 sdl, page-8

"He said his Hanlong Group would become one of the world's top four iron ore producers within 10 years. This would give China ''a say'' in iron ore price negotiations and stem as much as $80 billion in national losses now flowing to the three iron ore giants, Vale, Rio Tinto and BHP Billiton."

To save $80b, I'm sure Hanglong can afford to spend $4b, $5b, $6b, etc. This makes their 50c offer looks rather pathetic.

I'm really surprised that BHP, RIO, Vale, etc. are not stepping into this situation. Surely the writing is on the wall and they can see they will lose their current market share long term. A blocking move by one of the big miners would be cheaper then letting the Chinese take out SDL.

Butchy.