low ball chinese bid tossed out , page-20

Blueboy, Han Long couldn't have said it better with respect to that post.

Although I think China needs HanLong to succeed more than SDL needs HanLong to succeed (see bottom to reflect upon the fundamental strength of our company). Oh yes, money is no problem at all to China ! Now "Reasonable Price" ??

Hmmmmm, did our board become incontinent (in the face of Merrill's intimidation) or does George Jones have a credible PLAN B ??

It's despicable that some still peddle the line that HanLong will walk out without calling the bid final if shareholders demand a fairer offer (as George Jones expressed as the RIGHT of holders to have a final say on the matter). Although, someone did post GJ indicated it's all DOOM to his specific question about the implication of a NO vote (which he now admits he has no recollection - pretty brazen).

Again, we read the same lame scary tale that HanLong (really the PRC for our purpose) is being charitable to SDL shareholders in taking out Sundance for our sakes so that we get to "preserve our capital" by repeatedly low-balling the bid..LOL !

Of course, the "value preservation" may somehow hold true (I still can't figure out ow that works) for some instos heavy weight who perversely doesn't care at all about the share price and would be happy sell into any offer.

.....Liu Han told China Business Times that the powerful National Development and Reform Commission had confirmed its support for Hanlong's overseas development. Mr Liu also said ''money is fundamentally not a problem'' thanks to funding from several sources, including the Export Import Bank, and that he would be prepared to on-sell shares to other domestic companies if his bid succeeds. He said Hanlong aimed to ''solve the long-term demand and supply problem in the iron-ore market'' and thereby stem what he said was $70-80 billion in annual losses that are flowing to the three iron ore giants, Vale, Rio Tinto and BHP Billiton....

Read more: http://www.smh.com.au/business/swans-beijing-bind-20110802-1i9t5.html#ixzz291zHemcz