going up on monday, page-9

Well said. With BBY valuation around $1.00 for SDL and GBG $2.00 - guess what, we are at 2:1 again. GJ has also been quoted as saying that revisiting the merger is not being ruled out.

Bag management decision to lock this in - even if their "knowledge" points has pointed them to this. Maybe they should have just said that pending "results" a merger would be considered if both parties shareholders agree. Then it would have been from a winning position rather than a speculative one.

I read in a WA newspaper that GJ had put this up to attract instos and international investors - their feedback, as well as GBG shareholders is that they didn't like it.

Second point - is that there really are no drill results of consequence that would "break" this deal and sundance has confirmed somewhere that the merger cessation is definately not related to results.

I think the question is now how they release their progressive drill results as so far, they have only talked about the outer area exploratory drilling.

Also remembering that their almost 1000 square K has had 1 K of drilling - in one prospect, not the other major three, let alone the additional 26 km range identified magnetically.

This has been badly managed for sure - but I guess they at least pulled the plug when they realised that this was a bad idea for everybody.