There is only one defence to takeovers that is well informed investors not selling to early or cheaply.
IMO Traders accepting 100% return when 3000% is on offer with only patience required is foolsgold.
AS for
'The 6 billion shares is based on the Moly Mines deal with Hanlong, which would be classed as friendly.If they put up another $400,000,000 they get control'.
SDL management are not trying to sell SDL but a portion of one project.
Therefore any takeover would be hostile.
Hanlong bought their parcel from a deceased estate.
It wasn't a capital raising.
It could be regarded as a blocking stake.
As they might have an opinion on the deal that it is likely to get the go ahead.
Therefore recognise what a terrific investment it is.
No evidence of anything else. And if your suggesting management might sell a controlling stake in this for $400 000 000.
Well if I were management I'd be insulted by that assertion.
Cheers EWO.
PS IMO anything less than a 3000% return from current level is foolsgold.
AS always do your own research.
SDL Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held