new "partners scramble" for mbalam iron, page-10

The current SP will have little to do with any future offer.

It will be based on the resource size and quality and what approvals are in place.

This is the reason GJ quite rightly said that the project is worth more now than when Hanlong first made their offer.

The SP is being punished because the deal on the table fell over. Negative sentiment only. No other reason.

The fundamentals of this project remain unchanged and that is why Hanlong were prepared to pay 45c per share in the first place.

Don't be blinded by the current negative sentiment on SDL.

It will rise on good news at the same rate it dived on bad news.

My paper losses are huge at the moment, but I am hanging on, because I believe we have a made great progress towards our final goal.

This Hanlong deal falling over may the best thing that could have happened for SDL in the long term.

Hope springs eternal!!