Agree Matt747 China wants to secure the purchase. But what makes...

Agree Matt747 China wants to secure the purchase. But what makes you think they want Sundance? It is written on the Sydney Morning herald that right now there are plenty of more developed iron ore assets in developed nations on the market at the moment which would be easier to manage and better than Sundance.

There are plenty in Africa alone with bigger or better resources than Sundance and they are worth less than $100 million, Zanaga iron, Core Avima iron etc. At stock price of 9.2 cents Sundance is worth $285 million!!

Yes the operating cost in Africa may be lower but the first capital expenditure is massive, they need $5 billion to build infrastructure before shipping their first ore. Whereas Fortesecue only need $1.85 billion to ship its first ore.

Until now not even Sundance or Hanlong could give us the reason why the deal fall through. Why is that?? Could it be probably because they started to think Sundance is way too expensive??