At last there is something sensible and not the Reuters crap. Chinese own goal - so typical !
Go figure. The Chinese flagged 50 cents (via the global media) already rejected by the board and the hedge funds which was made clear via the broker newswire.
George Jones and the hedgies (like I have always said) know China must secure SDL. The same way I maintained that once the FIRB approval came, the rest of the steps would follow immediately including the NDRC approval (this clearly shows the whole deal was stalled by the insider trader scam and any suggestion that the deal was stalled was a problem of securing Chinese approval and funding is moronic - which is still being peddled by some here).
Hang Long should never have gone to Reuters with the "shock and awe running on empty" story. Now they really lose face for I believe 100% Han Long will NEVER walk away. The cost to China of losing the ultimate prize is INIFINTELY disproportional to the $150m loose change.
We got these mongrel by the balls. The game of bluff is over.
SDL Price at posting:
33.5¢ Sentiment: None Disclosure: Held
