SVM is just a dodgy company by the look of it and lucky the deal is not going ahead. Otherwise we would become the dodgy company's shareholder.
Those blaming everyone really thought the deal will go ahead? Come on, you should know how Chinese companies play games. I am very surprised FIRB didn't need to approve their acquisition of the 15%. How amazed that they can also dump the share whenever and however they want and ASX or the Australian gov doesn't give a opinion? How about SVM shareholders? They allow their company dump anything like no cost? What about their new proposal to the Orecorp? Anyone involved will like their action? I believe this rubbish company will have its karma soon.
Luckily, we can do a rough calculation that at the moment they should only have 180m shares on hand. So the pain is almost gone and bright future coming.
I hope
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