i wouldnt be too worried about mining permits etc. Based on this take over. If china cared enough to use up political goodwill by leaning on cameroon for this takeover, they wouldnt be arguing over a couple of hundred million dollars.
The bigger worry would be the short term drop in SP...
The likeliest response to a no deal would be languishing share price.
On the flip side, if, as the Matt747 and westcotts say is true, you could see someone from a major mining house buy the 17% stake back from Hanlong for mid to low 30's and stabilise the SP at that level.
It's interesting to say the least. Personally I think we'll see a 47-53 c deal that will be accepted.
If its 40, it will be no deal from SDL
If its 57, it will be no deal from china officialdom.
Low 50's is a 'face saver' for both parties.
SDL Price at posting:
33.5¢ Sentiment: None Disclosure: Held
