Fact of the matter is the Chinese flagged 50 cents as the floor. GJ publicized through ASX releases that the bid CANNOT be lowered below 57 cents due to market conditions. He also shoved the 50% increase in high grade resource report up NDRC's.
The NRDC sensing that SDL wants more than 57 cents decided to go to the other end of the spectrum in the dancing ritual in a game of bluff (leaving plenty of room to maneouver hence refraiing from naming a price and letting the media rumpr storoes fly).
No matter what the outcome is, when stock resumes trading a deal will have been struck. The CDB funding will be interpreted by the market as a given.
No chance for spiteful (yet gutless) down rampers to get a piece of the action.
bid might be 75 cents, page-21
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