Angor, just read your last posts.
You know, those who have waged a campaign to ensure the outrageous 45 cents bid is CAPPED are absolutely desperate. All the time hiding behind the deceit of capital preservation, 20 cents sp armageddon and curious loyalty to the board who in many eyes made the recomendation under duress.
They appear to be somewhat rattled by a real prospect of a counter-bid but are equally bothered by the hedge funds potentially turning the table on Merrill as the window of vulnerability for HanLong has finally arrived.
All the while (share holders with no sentiments who decided to invest in the stock in the first place..LOL) rubbish the company about how risky, remote, worthless, capex intensive (nowhere else globally is lower BTW ...LOL) and that SDL is just rotting away with no one paying any serious attention despite numerous DD (is that right sine when ?? LOL!)
When IO price tanked, they said...yeah right nobody cares about the spot price. At $86/t, one said prices will never recover and 45 cents is a good deal (as we were told to get used to $80/t, then $60/t and worse).
When spot price spiked as expected (because the ChiCom started buying again) then it went to $110/t (not much said - being very quiet on the thread), the $120/t (again very quiet), the $125/t (look spot price doesn't matter), the $130/t (spot price don't matter - louder), the $135 (screaming SPOT PRICE IS IRRLEVANT) and now at $140/t (IT WON'T CHANGE ANYTHING).
We even have the odd visitor saying the same thing(OMG - a Sundance share holder we are told) that IT WON'T CHANGE ANYTHING.
WELL, as they say if your have fellow share holders like these, sho needs Merill Lynch to down ramp the and scare the daylight out of shareholders to vote YES to a bastardized bid opportunitically shoved up us holders taking advantage a 3 month window of IO price volatility when Sundance will be mined at 100MTA for the next 30 years !
On the one hand, we retail muppets are told delusional, dreaming and hedge funds all lined up behind them taking orders. On the other hand, HL will pull funding as the NO voters are playing CHICKEN annoying the daylight out of the Chinese (who are mobilizing the entire Steel and Iron industry in China to participate in the development of Sundance resource) so that they will throw a tantrum and walk away without any warning cause this is a SOA - LOL !
Fellow holders - get used to more and more of this from these campaigners.
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