This is all playing out exactly as Hanlong has planned..
They are not interesting in or have experience in running a world class Iron Ore company.....this project is way bigger than they can handle and i would be happen for someone else to take it over..especially with building and managing the huge infrastructure..
*They purchased the shares at 44cents *Put a bid in for Takeover *Intentionally manipulated the SP *Ensure the process was long and drawn out *Delay upon delay to force SP down *Resource Upgrade ( Much more to cum) *Create a pivotal turning point in negotiations that open the door for alternative bidders to come onboard *Watch the alternative bidders come out of woodwork and bid price up. *Sit back and earn a profit on and above 44cents price. * Walk away and let more experience company manage this.
And ultimately shareholder value is restored
SDL Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held