Lets look at it this way:
Massive reserves and resource in the hottest mining precinct on the planet.
First mover advantage - will control rail and ports
Heavy weight miners are confirmed as having been in the data room.
The Chinese have outplayed the board of SDL so far leaving the only option as a Hanlong bid. Remember the board of Macarthur has recommended the Peabody bid but yet they are still raising it to secure shareholder support - the same will apply at the very least with SDL.
Once mining conventions are granted there should be a bid from other players ... the stakes are too high to let it go to Hanlong. Even if this does not happen Hanlong must raise their offer to secure SHAREHOLDER support.
If all else fails, shareholders are sitting on a stock with the largest takeover arbitrage in the world. Anyone would think it was a DOG stock - I dont think so !
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