director hogan buys today, page-27

doydie,

"Here’s what I don’t get. The CRM placement at $1.35 values the 100mt as a beginning price investment to future earnings (3 MTPA). What logic from UMC values the ore at a lesser rate? Even my basic notion of supply and demand, the BHP value of the ore at $2 per tonne is unbelievably naive by management. Out haggled, out manipulated, out manoeuvred. ."

Remember it wasn't 100Mt then.
That price was agreed on prior to a 30% increase in resource size.

And CRM weren't buying in just to buy 3Mtpa over 10 years.
They were buying into the whole deposit just like the rest of us PRIOR to the 30% increase in size for $1.35

no doubt the chinese feel just as disgusted cheated and pineappled like the rest of us.