If the board recommended taking the offer then its 100% clear that no other company on the PLANET was interested in the JV.
You guys need to realise there is no shortage of iron ore in the ground. There is a shortage of iron ore being mined and sold, big difference. BHP/RIO dont gave a rats ass about a 35mtpa mine as it will have 0% effect on iron ore prices. When SDL becomes operational, their 35mtpa mine will be nothing in terms of the 870 million tonnes WESTERN AUSTRALIA will be producing alone in 2014.
I for one and really happy with SDL and the way things have gone. The way the market is going now, this is a great offer and almost all shareholders should have done very nicely from this.
SDL Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
