..in absence and hanlong get funding and approvals game over end story lights out ni night...
Baukaw, I think SDL holders can sleep very well knowing funding is the least of our concerns because the Chinese communist party mouth-piece (Global Times owned by the CCP via the People's Daily) writes....
"On a request from relevant government agencies, several large State-owned steel companies are talking with Hanlong about a cooperation to jointly develop the Mbalam iron ore mine,"
Of course because it is so complelling..."35 million metric tons of steel-making raw material in phase one, eventually growing to 100 million metric tons in phase two".
On the question of SOA, Glencore issued a "FINAL & FULL" offer to Xstrata in it' final bid. You can argue it's a different jurisdication, but as far as the hedge funds are concerned, the UNWILLINGNESS to declare a final bid means the HL bid ISN'T FINAL.
It's simple.
SDL Price at posting:
32.0¢ Sentiment: None Disclosure: Held