deal shaky, page-5

This bit is interesting ......

But the delays in securing the term sheet would seem to add weight to suggestions that the NDRC was not happy when Hanlong snapped up the Talbot stake in Sundance and followed up with a bid for the company.

China will be the end customer for the Mbalam iron ore and it is suggested that it would have preferred to see a state-owned entity in control of what will be a major project in an emerging and strategically important region.

.........

So lets call the deal off with pesky Hanlong, and deal directly with a state owned enterprise. Sounds like China & Sundance shareholders may share similar views about Hanlong