1.) I never believe sin tang would develop projects. My previous...

1.) I never believe sin tang would develop projects. My previous posts said Sin Tang can play very hard ball (eg sphere mineral), so possibly they will sell down when board not removed (I said that before voting).

2.) Why I said pay break-fee (if under 1 yr) $180K? Because if Sin Tang selling shares at 1c, $60K/month investment by SpringTree will cause significant dilution. Even now at 4.8c will also cause dilution if issue shares to SpringTree next month.

3.) Who is going to fund $720m (as at Jan 2010) CAPEX Eradu MPI? That's my major concern, because TFA looked it & not interested. Most importantly, by 2015 iron ore price can pull back sharply, CAPEX & OPEX will increase significantly. If any project can't get funding now, it is very hard to get any funding later on.

Watching Lateline business...
One hedge fund advisor was saying this Professor & Chair of Finance in prestigious Uni of Hong Kong said "China is about to be bankrupted" in his lecture. I'm trying to find actual lecture transcript. Interesting to see different points of view.