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0.00% 0.6¢ sundance resources limited

At $0.345 I think the institutional investors are giving a big...

  1. yowie013
    629 Posts.
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    13/06/12
    10:42
    Post #: 10297866
    At $0.345 I think the institutional investors are giving a big hint that the Hanlong T/O is not going to happen.

    And the fact that Hanlong did not participate or stump up the $40m? Why would they want to pay $.57c in 6 months time for shares they could have bought today at $0.345?

    They either don't have the money today or don't think that it is going to go ahead. If they can't get $40m today how are they going to get $1.7b in 6 months and $5b soon after?

    I think this T/O is dead.
    SDL Price at posting: 34.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 25  Upvote
    lightbulb Created with Sketch.  Great analysis
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