The expected BIG JUMP may not happen today. Just read on the second last update for "HANLONG AND SPINIFEX RIDGE IRON ORE UPDATE" - http://asx.com.au/asxpdf/20100301/pdf/31p0nlfkkpjsdl.pdf
there are some key dates:
Recent delays have been accommodated by now allowing the transaction to complete as late as 30 April
2010.
The Subscription Agreement requires Hanlong to procure a US$500 million Project Finance Loan Facility
(Facility) for the Spinifex Ridge Molybdenum Project by 30 June 2010.
The delay in the Hanlong investment has necessitated a further extension to the Interim Finance Facility
with TCW to allow repayment in full by 24 March 2010. This will attract additional interest of US$1.005
million.
Will these dates be the focus?
good golly molly, page-13
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