"It is well known that China think long term"Chinese supposedly...

"It is well known that China think long term"

Chinese supposedly thinking long term is one rationalisation of the nose bleeding prices they have paid for Australian resource assets

The largest investments have been disastrous. Notably Chinalco buying into Rio and SinoSteel Midwest

A T/O normally is an arm wrestle between the defence claiming the offer is opportunistic and that the suitor undervalues the intrinsic value of the assets, versus the suitor talking down the assets they have just bid for

There is none of that here as the market has clearly judged HL has offered far too much. The IE report could be written in 5 minutes now, the debates about resource size, market comps etc are irrelevant when the market has spoken so clearly

George Jones is already a hero. He has delivered SDL shareholders a fantastic offer - on what basis can you argue otherwise?