From today's announcement it seems that the Chinese regulators are dragging their feet.
Also they say they are going through due diligence with bankers for the finance. So they are moving forward just wish it would happen. Finance looks like it could happen a lot quicker than anticipated. Or is it that Hanlong want it assured before they commit.
If the past is any indication once its all signed and sealed the S/P will rocket quicker than a fire cracker in Beijing.
One small point this is the year of the Tiger, or white metal "coincidence or good Chinese luck"
MOL Price at posting:
83.5¢ Sentiment: LT Buy Disclosure: Held
