We had a 45c offer...guaranteed?? No not the case...I wish it was mate...The market told you it wasnt guaranteed..we never had the finance letter..hence why we are 32c..nothing is guaranteed in the markets
Whos valuation do I use? The most important of all...The MARKET....the fairest judge of valuations...
Throw in the bin Westoctt your Enrnst & Young, Bin your GMP 81c buy, bin your 2010 research...bin it all...get in the real world of the markets..
Markets punish....they dont look at reports..Ive got hundreds of reports which say a stock is undervalued..dont mean squat.. the fair valuation is what the market says it is...and I reckon if Hanlong bid 40c today Part C on market they'd get filled
Desperate?? if thats the word you want to use....sure.. I am very very eager for China to complete this transaction..
I dont really want SDL at 15 - 20c without an option.
I see a China exit as a real share price killer..and company killer..
But i dont think that will happen
What would you think Westcott if Cameroon or Congo upon CHina pulling out cancelled our permits unexpectedly?
Do you think SDL is risk free investment Westcott?
I dont...I think we are a high risk return play
we got 2 basic choice Westcott
1) goodbye Hanlong and China...Shareprice plunge 15-20c, cut adrift with not other suitor to date, looking for funding JV etc, hedge funds will whack us, capital raise, etc.. etc.. pleasant?? hardly?
2) let the board work to ensure the deal gets done
Im backing the board
cmon dont give me long term holders stuff...Your shares whether you held 1 day or 5 years is the same as mine.. I have the same rights and same votes...Infact if I own more than someone else I have more rights....Long term suffering shareholders is not ideal ..why do it to yourself? Westcott you have to adapt to markets...they have changed..heads cant be stuck in sand and have 5 years of suffering thats not fun...I think we all wish now we sold 60c back in 2010...Would you prefer to have sold in 2010 at 60c and been out, or still a long suffering shareholder??
This is the stockmarket...not fantasy island cmon..this is reality and not without risk
Lost our board?? please
SDL Price at posting:
34.0¢ Sentiment: None Disclosure: Held