Fontenay,That's why sp is at 13c not at cash backing 21c. About...

Fontenay,

That's why sp is at 13c not at cash backing 21c. About Mr Han...

http://www.bloomberg.com/video/the-tale-of-the-missing-tycoon-billionaire-liu-han-mwwVTeT2RT2riLPN5uvo9g.html

MOL shouldn't have done deal with him in the first place as he already got some colourful past.

If you take out $45m (to Hanlong), then cash backing is 10-11c. Essentially market already factor that in IMHO.

I don't think the board can do much. But overall, Hanlong done badly in SDL (Sundance) & MOL so far.

I made good money from SDL (sold out) after Hanlong announced T/O of SDL.

If MOL T/O another listed company in Australia, does MOL need shareholder approval? If not, MOL should have offer cash & script bid and this will diluted Hanlong and reduce cash level.