breaking news: sdl does have other suitors

Sounds like they will have to move fast. Hanlong is using that 19% stake to their advantage and also bringing politics into it by meeting with Biya.

Good news though that there is other suitors! Things are going to be interesting.

Good luck all.

http://www.businessspectator.com.au/bs.nsf/Article/Rupert-Murdoch-News-International-NAB-ANZ-QBE-Lloy-pd20110722-JYSHU?OpenDocument&src=sph

Takeover target Sundance Resources does have other suitors apart from Hanlong Mining but they will have to move swiftly to make their voices heard, because at the moment Hanlong is using its existing 19 per cent stake and political connections to wrap up this deal. Hanlong and Sundance this week sat down in Beijing with Cameroon's president Paul Biya, who was on an official state visit to China, to work out the mechanics of the deal and how it affects the Mbalam project. According to The Australian Financial Review, Hanlong has big plans for Sundance with an eye to combining the mining interests under one entity, which will then be listed in Hong Kong.