yeh, could be a joint tactic of Hanlong and SDL board to get the potential JV partners to stop stuffing around; get your bid in for a JV now, or you are going to miss out!
They the board and the biggest shareholder are probably very FRUSTRATED by the slow pace.
they wanted to announce the JV by end of JUNE - didn't happen - lost face SP went down to 30c.
Then on 29th June they intemated it "wont be too long" - they are worried because the potential JV partners are f...ing around it could go on another 3 months until they can announce a JV partner - result SP crash to 20's. NO GOOD.
So Hanalong and board hatched a plan to SPEED UP their potential (up to 5) JV partners - hey boys you have got to show your cards - cause now our major shareholder will take the prize if you guys keep PROCRASTINATING!.
All is good IMO for a JV and then production of the operation to continue with us as shareholders and Sinosteel or someone even Korean POSCO as a JV (or 2 JV partners maybe).
SP will then rise in 2015/16 into the dollars.
I doubt they will still be able to commence construction this year though.
Just my two bobs after thinking about it, and reading lots of excellent (and some shyte) posts on this forum.
The losers will be the downrampers we see who sold out but for some reason continue to pee on this forum - why bother, go away?
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