Hi nectar38The quotation from Hanlong seems to be carefully...

Hi nectar38

The quotation from Hanlong seems to be carefully worded, but it also seems to indicate that their negotiations with Sundance Resources are specific to the Mbalam Iron ore project rather than an offer to purchase a company. It appears that they are negotiating to become a joint venture partner, not a company owner. Slip of the tongue under pressure?

Regards

Hobbsy


Hanlong Mining's parent, Sichuan Hanlong Group, is sending another executive, Kang Huan Jun, to oversee management of Hanlong's interests in Australia, a spokesman said in a statement.

"Hanlong looks forward to continuing its advanced negotiations with Sundance Resources Limited with regard to the Mbalam Iron ore project and other investment prospects," the spokesman said.