News: Fortescue hits out at rail line proposal , page-16

  1. 10,494 Posts.
    re: News: Fortescue hits out at rail line pro... Peter it gets better.

    http://mobile.reuters.com/article/idUSL3N0CF01520130323?irpc=932

    Some say Liu is no convict. Speculating that he was merely whisked away to a summer resort sipping oolong tea so that the PRC could jettison the Hanlong deal in order for the state SOEs to step up to counter competition that China didn't foresee earlier.

    The PRC must have figured its laughable for a sichuan pauper company (with $200m stuffed in its pocket to buy the original stake provided by the CDB and forever struggled with funding and needed to keep lowballing the bid price previously enshrined in a SIA) to have the resources to outbid an international consortium.

 
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