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Yesterdays announcement could very well be to soften up shareholders. The finance arrangements have taken longer than Hanlong and Mol anticipated. Reading between the lines it seems that Hanlong have had to give the Banking syndicate some guarantees against their own assets.

If you go back to the beginning when Hanlong became a majority shareholder. Derek Fisher said that they shared a common vision for the future of MOL. That was to build the mine and take advantage of the market conditions in two years time. When most companies build when prices are high and miss out because of the commodities usual cycle of ups and downs.

The only thing thats changed is the US dollar, where will that be in two years??? (toilet paper)

MOL are in a great position with its iron ore, prices are high and they have the capacity to ramp up to a 24 hour operation. So lets wait and see what transpires in the next few weeks, one thing its never boring watching the S/P go up like a rocket and fall like a rock.