There is nothing to be taken over without the mining permit.
The mining permit were always going to be made available.
The permits were deferred thanks to the Chinese insider trader scam.
AS I posted before, (IMO) the Africans succumbed to Chinese demand to defer the release until the last possible moment to flush out competitors. As you may see, they were flushed out by late 2012 (behind the scenes), hence People's Daily global media trumpet blowing loud about state owned big boys taking over.
Without FIRB approval coming first, there was also NO WAY the NDRC would approve.
Imagine the headlines:
....Chinese takeover stymied due to Han Long scam"....
....NDRC approval - all dressed up but nowhere to go....
....African permits granted - but HanLong ASIC fate hangs in the balance....
Use your head.
SDL Price at posting:
29.0¢ Sentiment: None Disclosure: Held
