Not blaming Hanlong, what we're saying is that paying 15% more than what Hanlong paid for their 18% stake from Talbot prior to the DFS is not a premium as noted in Hanlongs bidding statement. It's tripe.
Opportunistic bid...that is all. The board and George Jones will never approve a deal at this price.
Not when the previous board members and their families have paid the ultimate price for their dedication to the project.
Time for people to get serious.
SDL Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held