Ore and More

Sinosteel has board approval to buy a mine from the mine owners, but the owners are doing everything to hedge their bets. One almost wants Sinosteel to walk to get a Jerry Yang (Yahoo!) look to the Midwest’s boards faces. This company is very fairly valued at the price offered–I still cannot figure out how to discount it out–and instead of opening their arms and jumping for joy, they are being stubborn and tough and not very friendly.

Let’s hope it does not end in tears.

The Herald-Sun: Port dispute over