Hematite,
They paid 43c for their 15% from Talbot. Did they see value then?
They were willing to pay 50c then 57c - this was prior to the resource upgrade in June.
The share price was trading 49.5c back in April, when there was greater confidence in HANLONG being legitimate. That is prior to the plethora of delays, missed deadlines, holidays and renegotiations.
Ernest and Young who are supposed to be the independent EXPERTS have provided a low range valuation at 40c.
Why don't you ask them how come SDL is trading at current levels on the market?
They're the experts after all.
china's hanlong group ready to close sundance , page-25
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