When trying to work out the potential profit, you omit to factor in the Copper, no one ever mentions this.
Agree Chinese control does have its risk, but as I understand they can,t have an offtake agreement with out minority shareholder approval. If FIRB have not covered this problem they should be shot.
We can all sit around and surmise all sorts of outcomes, without Hanlong we would be a lot worse off IMO.
If they fail to arrange finance they will forefit $45mil, remember this is a private company, not state owned.
MOL Price at posting:
86.5¢ Sentiment: LT Buy Disclosure: Held