Negotations dragging on and taking longer than expected can imply that SDL are trying to get better terms...A great deal on the table now SDL would grab quickly.
Sundance have had 2 years not only for other hostile suitors to approach, but also since the data room open since the Hanlong collapse.
"$40m raised to complete project development negs"
that doesnt mean soon....thats now 2nd quarter of next year....$10m burn per 1/4...means at least 4 x 1/4 of cashflow..
"The Congo convention currently being negotiated"
until that is done...no-one handing over the $4.5b cheque as some say...or signing any deal...
I note GMP report and they expect no news for ~6 months.
GMP price target 20c Pattersons 25c
( Note NPV doesnt not mean share price)
seems what quite a few have been saying
SDL Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
