SDL 0.00% 0.6¢ sundance resources limited

goodbye blue sky, page-13

  1. 4,326 Posts.
    we gotta remember that George Jones runs both these companies.. he's obviously had a vision for both for a while now. I would suggest that he wants to deliver a fairdeal for both lots of shareholders and although i only speculate i would say its a fair bet that alot of GBG holders bought into and probably hold SDL shares?? i know i would have had i been a GBG shareholder and seen its sp rise in that last 12 months.

    I think SDL could have hit $1 after results come out but i also think GBG shares would of continued their rise up to the $2 mark roughly in this time also.

    as for dilution, could it solve SDL problem of having too many shares on issue and perhaps once merger is complete we may get another dilution in new company of 2:1. that would bring us back down to under a billion shares??

    point is i hold SDL, its shot up 60% in the last two weeks, i get another say 15% when converted to GBG. i'm happy. GBG get a massive resource upgrade, imo they should be happy too.

    as far as price capped at 85c, i dont believe so. SDL will be in line with GBG until merger is implemented but i still think GBG could hit $2 in this time and therefore SDL $1.

    fair deal all round imo
 
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