I think we all expected this another delay in proceedings but what i find interesting in why Sundance appointed Citic Securities as financial advisors in May 2011 and what have they arranged in respect to finance for SDL.Are they on a commission for Hanlong or are they actually working for the benefit of Sundance.I dont think Hanlong can arrange the money as required as they have the USD494 million loan from the CDB for Moly Mines in June 2011.So i think the 1.3b will be a problem,hope i better days ahead.Regards to all.
SDL Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held