SDL 0.00% 0.6¢ sundance resources limited

buy or bail?, page-19

  1. 8,602 Posts.
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    Hi (tgb)

    If the take over offer is withdrawn by Hanlong after the convention and mining permits are issued,what reason do you say it will fall to 10 cents?I can't see Hanlong withdrawing prior to the Convention and Mining Permits are issued.

    Do you have any intention to hold SDL long term in the future,or do you only buy to trade SDL?

    If as you say that SDL will fall to 10 cents if Hanlong pulls out of the take over offer,are you saying the resource in the ground is only worth between $200 and $250 million with out Hanlong being involved?

    Are you saying no other parties are likely to show interest in SDL if Hanlong withdraws?

    Do you see Hanlong selling out and withdrawing their offer at less than the $0.44 cents they paid for Ken Talbot's shares?Would Hanlong know as soon as they announce they are withdrawing their offer the share price will drop to 10 cents?

    Hanlong would have to sell their shares to another party prior to announcing they are pulling out of the take over offer,other wise they would lose many millions of dollars of cash that was loaned to them by the Chinese Government Banks.

    Are you so sure SDL will fall to 10 cents if Hanlong pull out of the take over offer?

    Regards
    Westcott.
 
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