SDL 0.00% 0.6¢ sundance resources limited

CDB, page-8

  1. 10,370 Posts.
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    If the SDL is legally owned by CDB, Chinese government will fully support it because CDB is owned by Chinese Government. Hanlong (a privately owned company) and CDB (a state-owned bank) will LEGALLY resolve this 19.7 per cent ownership issue very soon.

    It looks like that you do not have idea how Chinese companies operate in the world, in particular Chinese state-owned companies. The Chinese government will generally support them ALL OUT. This is the reason why China is so successful and has the largest foreign exchange reserve in the world (Number ONE). Do you know how much?

    China presently has US$ 3,000,000,000,000 or US$ 3 trillion dollars Forex reserve
    https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves



    The US has only US$ 116 billion Forex reserve

    Australia has US$ 49 billion Forex reserve.

    For Chinese government or CDB, SDL funding is PEANUT. I will wait patiently. In contrast, you had been out from the game, and there is no more hope for you.
 
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