shocking!!, page-71

Swinger, you are right but the reason is:

Senior Chinese echelon and NDRC decided (now down to the last 48 hours before CDB term sheet deadline is due) that they can't continue on with HanLong and must bring out the big guns (doing FIRB from scratch - so be it) cause the opposition means business.

The Chinese talk among themselves:

"Do we delay the term sheet again ?"

"No, we have done that for about 20 times"

"Hmmmm, lets hide Liu and find a lame excuse"

"Arhh, how about Hanlong didn't do proper due diligence ?"

"Can't do that, cause we kept assessing stuff repeatedly and we kept extending the approvals"

"How about we say Liu is caught humping the goats while wearing his mink coat ?"

"Won't work. Just say his brother committed murder and Liu has him in his bedroonm cupboard".

"Oh, make sure we point out to everyone at the mining conference that his chair is empty and tell me that the Sundance share price is in free-fall"