Yes agree with you fontenay - the stall game has been obvious. But we would think that Hanlong would have satisfied its Banking investors ages ago. They certainly are getting an absolute bargain of a company even if they pour in say US$1 billion over the next 3 years. The returns in future years should be many billions of dollars many times over.
But on the other hand they may just be sitting it out waiting for the system in Chinese Bankers to flow through thier processes of tying up loose ends. Some of us have heard about the Chinese bankers runaround games before. LNC was one such classic example but hopefully the financial environment now is far more positive than it was about 18 months ago when the GFC just hit. Thanks for your input to my previous post also fontenay.
MOL Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
