Westcott, I don't belive the NDRC (PRC) is trying to low ball SDL holders per se. That is not precisely the objective (although that is typical Chinese ways)and they will always try to get away with murder figuratively speaking.
Their main objective is to set a precedent of lower bids for future resource acquisitions using SDL as an example where valuations (in this case the sp being bastardized by Han Long proxies) should reflect market sentiments. Or could use it as a leverage in IO price negotiations (can't see how that will work until China's economy tanks).
AS per the suspension, there is no way that GJ (or the SDL board) will accept 50 cents offer. There will have to be a middle ground.
The Chinese need to save face. Hence the final conslusion would be a 50 cents bid (as allowed by the PRC) + additonal finance that Han Long (as a BS private entity) will stump up in recognition that they only agreed to the 57 cents deal a few weeks ago.
SDL Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
