I am more than happy for them to get just rewards.
Guilio and George have negotiated SDL , a Perth based iron ore company, with nothing more than some drill holes and a proven iron ore undeveloped resource, between corrupt and inexperienced African nations esp Cameroon, and a global superpower and gotten us a 1.3b price tag.
A company with ltd options and needing $5b to develop.
Many claim they sold us out, they had no drive, no vision..
Total and utter b.s.....
They got SDL the one and only ever deal to date..(yes ive heard the good old JV deal was coming too many times) ..too many are emotional on this....
They have increased the resource....got the approvals....got China on board
Do I think we'd be in better shape had we told Hanlong go away a year ago?
Not a chance...no African approvals...no deal....Market cap 300m max
If they have sold us for a song....why does everything to me say the board have saved our bacon....
No counter seeing any value( so far) No other deal ever No insto value buying No hedge fund blocking Still 75% upside to 45c Overwhelming YES vote
Bardfast - every shareholder is peed off with delays....the board are frustrated...never seen anything like it....but it's the best deal we got going!!
Many here bag Hanlong and Chinese as being deceitful and scum....Yeh I agree a lot with that when had a gutful....remember we only got congo 6 weeks sgo .if BHP was our suitor.....they would have crunched the price too...and waited it out....and would crunch us even harder.....how dare Australians do that????
SDL Price at posting:
26.5¢ Sentiment: None Disclosure: Held
