The chances of the merger taking place appear very slim and the...

The chances of the merger taking place appear very slim and the likelihood of it taking place on the original terms must be nil.

If the merger is not going to take place i would strongly suggest that Shougang would not proceed with the crap 1 billion tonne deal.

So what will Clive do with us.

If we have to pay the stamp duty and given the current cash burn rate then we will soon be out of cash.

Will Clive stump up more cash as i am sure the Chinese wont invest one more dollar in this project under the current project terms.