This is all playing out exactly as Hanlong has planned..
They are not interesting in or have experience in running a world class Iron Ore company.....this project is way bigger than they can handle and i would be happen for someone else to take it over..especially with building and managing the huge infrastructure..
*They purchased the shares at 44cents
*Put a bid in for Takeover
*Intentionally manipulated the SP
*Ensure the process was long and drawn out
*Delay upon delay to force SP down
*Resource Upgrade ( Much more to cum)
*Create a pivotal turning point in negotiations that
open the door for alternative bidders to come onboard
*Watch the alternative bidders come out of woodwork and bid price up.
*Sit back and earn a profit on and above 44cents price.
* Walk away and let more experience company manage this.
And ultimately shareholder value is restored
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