report from reuters

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This quote is taken from Reuters website. It appears - talking to "sources" that financing a structure with a state steel mill will be very complicated.

We are not talking of a 5 or 6 week delay here! And why is it that us shareholders are ALWAYs the last to know !

Mgt, you know hold the upper hand (ie the permits), the price of iron has improved, Hanlong are contantly delaying the process and it doesn't have the cash on the table at the moment. Tell them to came and talk to us when they have the cash and approvals in place.

In the meantime, lets discuss a JV with the Chinese steel mills ourselves? What's wrong with that?

Good luck to all. We need it

" A Sichuan-based Chinese banking source told Reuters this week that financing structures would be "very complicated" for a deal involving privately owned Hanlong and any state-owned partners, suggesting the process may take some time. The source was not directly involved in the deal."