Perhaps part of the apprehension stems from Hanlong’s SOMEWHAT FARCICAL pursuit of Sundance
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I somewhat agree with this statement. Not the somewhat part, but the farcical part - absolutely farcical
I await Sundance's position on Hanlong failure to meet the terms of the agreement again. In the past delays, Sundance have negotiated things that shareholders have seen no tangible benefit - ie unconditional offer, debt facility, this has amounted to nought
If Sundance agree to a further delay, shareholders should at least get something tangible this time. Negotiate the deal price up again. With African permits/conventions, resource upgrades, stronger iron ore prices, and an improving global economy, Sundance surely are in a stronger position than back in August
SDL Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held