I am loading up more....no need to even read between the lines LOL !
He claimed his Hanlong Group would become one of the world's top four iron-ore producers within 10 years. This would give China ''a say'' in iron-ore price negotiations and stem as much as $80 billion in national losses flowing to the big producers, he said.
''Every company in Hanlong Group is private,'' reported China Business News, paraphrasing comments from Mr Liu. ''Australia is a rule-of-law country, the Australian Government doesn't have a law that can resist these takeovers.''
Liu Han told China Business Times that the powerful NDRC had confirmed its support for Hanlong's overseas development. Mr Liu also said ''money is fundamentally not a problem'' thanks to funding from several sources, including the Export Import Bank, and that he would be prepared to on-sell shares to other domestic companies if his bid succeeds. He said Hanlong aimed to ''solve the long-term demand and supply problem in the iron-ore market'' and thereby stem what he said was $70-80 billion in annual losses that are flowing to the three iron ore giants, Vale, Rio Tinto and BHP Billiton.
SDL Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
