could be 'game on'

Could be game on comrades. From Business Spectator today

http://www.businessspectator.com.au/bs.nsf/Article/BHP-Billiton-Rio-Tinto-Harry-Winston-diamond-mine-pd20120808-WXSAX?OpenDocument&src=sph

Hanlong Mining, Sundance Resources

"Talks between Sundance Resoures and Hanlong Mining appear to have soured, amid rumours the Chinese group has slashed its buyout bid by up to 30 per cent.

Reports last week suggested Hanlong would drop its offer for Sundance from 57 cents a share to 50 cents, after facing pressure from China's peak planning body. Word is, Hanlong is actually pushing for a price closer to 40 cents, which would value the Australian-listed company at $1.2 billion.

The Australian understands Sundance's board would reject a 40 cent bid. Apparently, it refused to even entertain the price.

Sundance, which is being advised by UBS, is already said to be working on an alternative arrangements if the Hanlong deal falls though.

After such high-profile sales talks, it's conceivable a new buyer might emerge."