SDL 0.00% 0.6¢ sundance resources limited

hanlong offer for 100% bmn, page-6

  1. 773 Posts.

    Hello,

    I nearly bought BMN the other day but opted for SDL, there was accumulation from 28 cents and it kept on going up. The price always preceeds the news somehow.

    As per my previous thoughts, it would be good to see how sichuan hanlong does its corporate activities. a 100% move is a serious one and that would mean controlling everything from capital investment through production.

    Does this mean a new phase in the China Inc. minerals aquisition?

    If so, SDL, watch out. I also think another area that China Inc. might be interested is the rare earth metals. Just keep our eyes open.

    This will give an artificial support to smaller explorer/soon to be producer as we all know China Inc is waiting to purchase some hard assets as perhaps a diversification from US dollar.

    Just think of it like us, instead of putting your money in the bank, you would buy property and for China Inc. instead of buying US bonds (where the long term security of USD is questionable), they will invest in rather hard asset to secure supply.

    Even if SDL is taken over say at 60cents, it is worth $2 billion dollars. Mind you, BMN is only worth $200 million dollars so it is like comparing a cute teddy to a gorilla.

    so we can just wait and see as we speak.

    superOX


 
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