So if a no vote gets up, do you think it is more likely the china will make a higher offer or throw their toys in the bathtub and walk away?
I am thinking the planning is advanced much further than Sundances mbalm resource and their is assumption that they will takeover Sundance and have the funds ready RIGHT NOW to go to 57 cents. If a rival bidder comes in, they will be sure to go higher, but it will take some time because they will need to get banks to agree to additional funds.
So I say IF a no vote gets up, there is a high probability of quill low up 57 cent offer just to get this underway quickly now - even the Chinese are probably thinking it has gone on too long! And even shrewd businessman want to save face.
SDL Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held