start counting the money, page-76

DRS, IMO Sundance board ultimately wants to flog it all off. China is in it for 100% ownership, just as aspiring global mining powerhouse wanting to build up an IO business or a India with 1.2 billon people looking at urbanizaton for the next 30 years.

I have a number of theories of why the asset sale is done at 50% initially. It could be related to the various infrastructure solution outcomes in a Chinese or non-Chinese scenario.

BTW, I judge November is when the decision for the 50% equity JV will be announced. But the sp won't wait that long to catch up with reality. In fact, negotiations must be pretty advanced as the term sheets went out more than a month ago and working capital injection is all part of the gameplan as per wha I suggested months before. It's only sensible. Placement with insto ? LOL ! Capital Raising LOL !

You can continue to dwell on the current sp as the basis of what $$ we can realize as share holders eventually when this is all done and dusted. If I judge Sundance prospects on the basis of the current sp, I wouldn't go near it.

I am not ruling out the possibility of say China making an overwhelming bid to dislodge all competition with a 100% takeover that no one can come close and that the board and the rest of the share holders can say NO to.

China's balls (after the destocking stunt backfiring) is more and more in the clenched fist of the IO cartel. Hundreds of millons of tons of future supply worldwide no evaporated due to Chinese own goal of spooking the daylight out of bankers, investors and IO developers / explorers.

India is now urbanizing and has killed IO exports (60MTA used to go to China) with domestic ban to cut down illegal mining.

Jindal walked away from Afferro the moment Sundance received the Cameroon and Congo mining permit / convention. China flagged for 4 months of CISA - SoE entrance (to fight the epic battle with evil foreigners) before hiding Liu in a closet.

When China thought they has exclusivity of snapping up Sundance and BEFORE (the high grade DSO resources was revised upward by 50%), it offered 57c pers share.

Now with competitive tension at play, why would I expect any less in terms of the total consideration one day when GJ/GC close up shop and distribute the cash to holders.

It's decision time DRS.

You sure aint spending your time on the SDL because like you have nothing better to do but taking shots at Matty.