concerm over hanlong's sdl bid , page-7

CDB will not be making any major commitments prior to the leadership change.

IMO,the 01 Oct date will not happen. The TO itself, IMO, will not happen.

Which is why the SP is so heavily discounted to the TO price.

OR, the CDB have summonsed GC to Beijing for another price re-negotiation. After all, iron ore prices have collapsed further since the last re-negotiation.

Every $0.01c renegotiated saves CDB $30m. So what is a measly $14m penalty compared to another $0.10c renegotiation?