Py, 90% by "normal" takeover is my understanding, 75% by SIA.
Hanlong having roughly 20% and maybe undisclosed others.RIO etc will need Hanlong blessing to T/O SDL, imo.Once permits are given the risk is greatly reduced and it will mean Hanlong have been given blessing by banks, not much chance of giving it up, imo.Bid needs to come before permits or if there is difficulty getting them, which may happen due to Hanlong's unreliability plus Congo's obvious no hurray approach,imo.
End of Feb rapidly approaching will be crunch time for all.SURELY, the independant report should be coming soon?
SDL Price at posting:
43.0¢ Sentiment: None Disclosure: Not Held
