sundance deal a barometer for raw material

I am in and hoping it happens for the short term trade.

Cheers
Hotlegs


Sundance deal a barometer for raw material

by: Sarah-Jane Tasker
From:The Australian
July 30, 201212:00AM

CHINA'S long-term view on the strength of its appetite for iron ore will be tested this week when the country's top economic planner announces its decision on Sichuan Hanlong Group's $1.7 billion bid for Australian-listed Sundance Resources.

Plenty of negative noise around falling demand from the economic powerhouse has heavily weighed on resources stocks over the past three months, despite iron ore miners being confident of selling every tonne of the red dirt they produce.