SDL sundance resources limited

preventing conditions on future bids., page-8

  1. 317 Posts.
    Hi all

    Welcome to the rice market.

    wholesale rice price is 10 dollars,

    Hanlong to SDL: i will give you 6.0 dollars for your rice.

    SDL: NO 10 dollars

    Hanlong: 6.5 dollars

    SDL:NO, 10 dollars

    Hanlong: 7.5 dollars


    Hanlong noticed that comodity prices are going back up again(including rice)

    Hanlong:8.5 dollars

    SDL: 12 dollars


    Hanlong:10 dollars

    New buyer arrived: i give you 15 dollars


    Hanlong: Crap, china get screwed.


    I have experienced and witnessed similar situation in my life, and let me tell you, i sometime deal with people in the exact manner as hanlong to buy at the price that i am happy with. Sometime works, sometime doesn't.

    The only exemption, i do that when i am confident that product is overpriced, and usually stick to my word when i make an offer.

    I think Hanlong and their advisers know the IO price will rebound for the short term and therefore SDL may become a target to some big mining companies.

    Also, they try to create a panic in SDL board, make them feel that their product is overpriced, therefore stops SDL from being too optimistic and refrain from asking a price increase.




    cheers

    bouhr
 
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