The deal will proceed but as I have said before on two previous occasions on China's terms. ie Hanlong will be pulled into line and will partner with a state-owned steel company. Also as I said before China will ensure the mining permits meet their criteria and its as per the scrip that they are reported to be now reviewing those permits. China wants to be in West Africa and they will be, but on their terms. NDRC will fund the errant Hanlong, but with a State-owned partner, no change to bid price, just going to be longer. A partner will be easy, but changes to the mining permits will take longer. Looks a good to me at .32
Pangrit
SDL Price at posting:
34.0¢ Sentiment: None Disclosure: Held
