concerm over hanlong's sdl bid , page-4

The securing of the (funding) Financial committment letter by the 1 Oct 2012 (which means anytime in sept) should go a long way to quelling shareholders concerns including the hedge funds.

One additional point that we will all we watching with close interest is the release of the independent experts report, that needs to be completed before the 4 October 2012 the date SDL lodge the scheme booklet with ASIC and ASX..

Once hanlong conclude the financial comittments letter by the 1 Oct 2012, as a second step they also need to conclude the credit approved term sheet by 4 Oct 2012.

A term sheet is defined as:

"A non-binding agreement setting forth the basic terms and conditions under which an investment will be made. A term sheet serves as a template to develop more detailed legal documents. Once the parties involved reach an agreement on the details laid out in the term sheet, a binding agreement or contract that conforms to the term sheet details is then drawn up"
Read more: http://www.investopedia.com/terms/t/termsheet.asp#ixzz25jMZ9S8H

So we have a few big announcements to look forward to within the next 3 plus weeks....