market update, page-61

Hi (andres)

Do Core Mining/Glencore wait for the Chinese to make up their minds and wait for more delays while funding comes through from China?
Do they then have to wait for the infrastructure to get built by the Chinese as they muck about for the next 5 or 6 years like in the case of Belinga?

Core Mining/Glencore would be far better off in helping with the cost of Infrastructure and knowing that they have control and get their project into production by 2015/2016 as they have said they want and need to do.

Nothing since March (7 months) from SDL,Core and Glencore about the MOU you say. Dead quiet you say.

Has SDL take over by Hanlong gone anywhere in the last (15 months) apart from the offer price being lowered by China/Hanlong? Have Hanlong been issued with the funding letter? Must have missed that announcement.

Regards
Westcott.