i and many many others said to take 45c and run from Hanlong in the absence of another offer
there was nothing else to stick too...a JV with no-one else existed
it was the best price we will ever get, and way over the odds..a get out of jail free card
It has proved to be the case that it was over the odds
Its such a shame the deal didnt complete...we will never see that price or anything close to it ever again
resource upgrade, broker research, IE reports etc..mean not a thing
its the $5.5b needed...and the market/china now knows SDL is cornered and will take their time before any deal...is 50% premium now to the VWAP of 10c enough?? In the absence of any competitor its either that or diltuion
I hope it delivers a good deal for all
SDL Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held