bardfast, if scenario 2 is right (management standing their...

bardfast, if scenario 2 is right (management standing their ground), we would not know about it (at this stage).

If the board and hedge funds renege on a YES to the 45 cents, it would (as I maintained previously) be done privately.

This would allow HanLong (PRC) the PRC to revise the bid with face saving (say using the rationale of improved sentiments and massive recovery in IO price to justify a revision and the "additional" funding ability of the 'State Enterprises now taking over - as per the People's Daily gloabl media blitz).

The 2 African countries of realizing their precious royalties and Chinese ability to begin in earnest to develop their own "Pilbara" is up to them entirely of whether that want to call us bluff or pay up a resonable price.