I am looking forward to the effect confirmation that Hanlong has secured financing. Yes it was a little 'Unfair' according to the independent review but it will indicate there is a bright future.
For some reason I thought that the approval was due in January. I see this from their presentation Hanlong to arrange US$500M Project Finance Loan by 30 June 2010.
Can anyone shed any light on why I may have january as an important time for MOL with regards to this deal?
Is it to do with Chinese regulatory approval for this deal? If so that is what will make this fly.
Or have I lost the plot?
MOL Price at posting:
$1.05 Sentiment: Hold Disclosure: Held