This has nothing to do with BHP Petrohawk/facebook
Apples and oranges
We are talking about here a permit
Name me one other buiness deal where a company has bought out another without a major permit/licene, yet for waiting and extra 2 weeks to secure the permit would still proceed with that risk? Zero
Are you telling me if you were on the Board of this company you would make this decision to do this without a major piece of the puzzle?
If sundance was to launch a takover of XYZ which had the rights to a project, but had no permits to mine it yet, for say $1b, yet by waiting for 2 weeks you would get certaintly, you as a shareholder would say..." yeh go for it...its business risk..." are you genuinely serious?
I would not Buy land if i had no permit to build a house on that land... but if i waited 2 weeks to secure that permit i would wait.
This is not a 5 year guarntee house deal
This is 2 - 4 weeks as we wait for a Congo permit
No-one would hand over $1b+ until you had that...
SDL Price at posting:
39.0¢ Sentiment: None Disclosure: Held
