tlc064, "3. if things went pair shaped I can not imagine Sino steel would not come to the rescue with so much invested...."
Indeed they will. But at what price? Why haven't they taken up their existing FIRB approved share issue in lieu of plant at $3.45? The thing is set up now for Sino to take 120m shares at $1.20 part cash part lieu of installation costs. Who else would finance the operation?
If that isn't going to happen, WM had better have a huge hat to take the size of rabbit he needs to pull out for financing.
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