It is likely the steel company is 'state' owned (aka Chinese...

It is likely the steel company is 'state' owned (aka Chinese Government).

It's all to do with foreign exchange laws and regulations within the State to do with investing money offshore.

State owned companies in China must submit "Remittance of Funds" to outside countries. This takes a good deal of time, $10 million is nothing, they won't be working overtime at the Red House to push that through.

Go read Laws and Regulations of the People's Republic of China, Volume 1. Published by the State Administration of Foreign Exchange for further info.

It's not as simple as "Hay bro give me your swift code and account number and I'll wire the funds in 7 days"

Management are making the right decisions, Rome wasn't built in a day.

CCC is a good long term stock, cash flow positive, Penumbra going well, De Witts set for 2013 and Botswana providing major upside potential.

Good luck