chinese very very keen on sundance!50mtpa!, page-35

202 how right you are. I think management shouldnt even go to the table until hanglong make a serious offer ie 0.70+. What people forget is that retail holders are 60% strong, and theres no way these gits are getting their mits on this. It surprises me that everyone talks about the chinese being tough, shrewd negotiators. cashed up a ready to buy up the whole world. Up until now the majority of major/capital TO's have been carried out by the likes of Barrick, BHP, Vale, RIO, xtrata, peabody. The chinese so far have only managed smaller bargain basement tit bit aquisitions
At 50c hanglong are looking in the wrong bin , they should go to a 2 dollar store and leave this tier one asset for a more seasoned player.