Shareholders are NOT wanting a take over by Hanlong. Shareholders are fed up with all the delays,lack of information being announced etc. Shareholders see the Directors putting their weight behind the takeover and looking for an out so they can move on.
Did the Company tell shareholders that Hanlong offered THREE Options,TWO Options to allow the Company to survive and carry on to Production,and one Option to sell out?
Even Hanlong have announced that only a few months ago there were still risks for them because some of the Biggest Iron Ore Interests in the World were Interested and talking to SDL. To speak of a few,Tata,POSCO,BHP Billiton and Rio Tinto.
That is why a lot of Shareholders are fed up and can't be bothered hanging on any longer.
Regards Westcott.
SDL Price at posting:
37.0¢ Sentiment: None Disclosure: Held