A deal was made with an exercise price of 12c because it is slightly above the VWAP before the deal. Noble is buying at this price because they want to make a profit! And strategically important to their business.
A capital raising was made because the company was running out of cash. I though the yes team knew all about it.
Look at the annual report. At the spend on travel and legal and consultants. It's easy to be a world class CEO and Chairman when you spend millions of dollars of shareholders money on advisers :) When the company is an explorer no less! Sundance's primary business under this management is related to the legal services industry :) Let's hope they are close now. Let's not end up like Gindalbie or Oakajee (one person involved in both to a differing extent).
I thought the yes team were technical and fundamental analysis experts, why are they asking retail muppets :)
Share price is currently .10-.12. Fact :)
SDL Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held