asic complaint, page-58

MrFaulty

that is such a valid Question

The Board of Sundance are continuing on this course for the reasons so many have mentioned continuously.

To date we have 1 credible, viable, bankable option that whilst is taking time is the only thing we have going for us at the moment to get us a result.

YES there has been JV discussions, YES the data room is open, YES we are open for a counter...These things can still proceed with us working with the Chinese.

For any of us to get a result, I feel the only way is a strategic takeover. A JV does not make sense. Why would someone pay $1.5b for 50%, when $1.3b buys you 100%.

The deal with Hanlong and funded by CDB is the most credible of them all.

We are set up for a takeover. We can not fund this on our own. And China really is our only partner.. I'd love a counter by XYZ..i just dont see it. This is a China regional play.

Your board is trying to sell your company for $1.3billion dollars.. For a company that has some mineral rights in Africa but no money to develop them.

They are fully aware they have 20,000 shareholders on their back. They are working for all of us. They are endeavouring to get us this result. They are as frustrated as well all are.

They also know that if they tell Hanlong to get stuffed, then in 12 months if we have no other option, and with ltd time on our permits, the next bid is 15c.

Hedge funds will bury us...They will pressure the stock, short it to buggery knowing we are capital constrained and buy it all back in a placing.. We will be merely passengers.

You must all understand there is significant risks in this stock.

This is a most frustrating deal, the likes i hope i and we are all never involved again.. 45c is a good result in a few months time...far better than the alternate