so true. PRC makes big hoopla about investing 20b into Africa....and then decides to decline 1.6b TO of sdl.......Next headline should be
PRC full of hot air.....
gees they're taking this right down to the wire.
hard decision i must admit.....
1) conventions/permits and very favourable tax terms agreed. 2) 50% resource increase and much more to come. SDl is a series of mountains made of iron ore. 3) FIRB approval. 4) controlling rights to rail and port and able to dictate commercial rates of access to future producers.
I think GJ should give them some more time in fairness....another two weeks?
SDL Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held