SDL sundance resources limited

someone still selling off, page-9

  1. 1,280 Posts.
    For the last two weeks, ever since Hanlong bought their 19%, this stock has been manipulated - the SP has been held in a tight range. Why? Because somebody is accumulating vast numbers of shares. Who? I believe it is Chinese investors.

    Hanlong 19%
    Three other Chinese companies each have around 3-4%

    Two weeks (possibly even way more than two weeks - the tsunami threw a spanner in the works - prior to that the price spent several weeks around 49.5 - 50.5, give or take a few points.

    Accumulating, accumulating - I did some basic calcs and estimated around 31 days of trading, accumulating 20 mill per day, would be enough for a takeover bid (Hanlong plus three Chinese coy's we know about - plus whoever else has been buying).

    That's my theory anyway. I reckon this will happen before the end of April, maybe mid-April depending on when the DFS is formally released to the public. Certainly it won't happen BEFORE the DFS is made public.
 
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