FIRB APPROVAL... Oh yes! This decision was the most critical of the last 3 remaining. (now 2).
Because :- Shareholders - will approve Hanlong (Chinese officials) - will approve
If a take-over was being considered by another company, then this FIRB decision may tip the scales.
Now that it has been cleared, ALL POTENTIAL SUITORS HAVE NO OBSTACLES AND THE WAY IS CLEARED (take-over bids can be expensive and this would be silly without approval). There is now 3-4 weeks for a trumping bid by someone else, before the shareholders meeting.
My guess is, the Chinese will approve before the meeting and therefore, the shareholders meeting will be the last obstacle.
E.
PS. Lion2009 your a cok with no idea, and stop whinging for gods sake!
MOL Price at posting:
$1.02 Sentiment: ST Buy Disclosure: Held
