Hanlong does not own the shares. It's just a private front...

Hanlong does not own the shares. It's just a private front company utilized by the PRC government as a takeover vehicle to minimize any risk in receiving FIRB approval. DOES Chinalco (Rio), Sino (oakajee) and Wuhan (western plain) ring a bell? The Chinese government will try to complete the deal (its their last and only chance) to do anything that may give China some say in future IO pricing. I think they will continue with banking (60%) as opposed to rebidding via the SOE as this is risky. Issue now is they don't want to set the baseline or floor for others. A price set too low say at 45c could blow up in China's face. Ironically (very bad for Chinese face saving) is this is what China told the world is reasonable price. Perhaps we are the ones to have China by the balls (all because the Chinese outsmartted themselves in their quest to destroy our company falsely thinking it is really a China only deal. The Chinese may have been hoodwinked and now find themselves cornered hence crazy comical last minute stunt like nabbing Liu for harbouring murderer to buy time and ponder next move. LOL!