hanlong has sundance finance in bag

CBD sign off complete according to AFR, under redraft to satisfy SDL legal. Great news. "The finance letter that Hanlong has the all clear from CBD is now all but a certainty to arrive by mid October. Letter received but being tweaked.

We bounced of the upper 35 trend yesterday and are likely now to consolidate a few cents it two for a few days before a resumption of the uptrend. The chart is a double bottom head and shoulders which suggests that it will break hard upwards. Given the market is pricing the probability of a deal higher, the big unknown is whether there is in fact a genuine counter bidder (AFR suggesting two) that wants to make a move.

While "deep in November" has been suggested as a possibility, you never know when a strategic move may be played out.

A few more days of buying opportunity left guys!