Draft terms have been issued to selected parties but negotiations remain incomplete. The Company has also received proposals from a number of major international investment banks for arranging project finance in collaboration with the selected strategic partner.
I suppose it comes down to how you read this - but the usual SDL style is to be heavily sold down after an announcement, not major players wiping out mulitmillion parcels on asx down days! if draft terms are with selected parties, we should not be 2 far away from a short form agreement......
my opinion, sentiment is a hold!
SDL Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
