I would be willing to bet that an UNCONDITIONAL OFFER from a third party would get instant support from shareholders around the 57c range if someone wanted to takeover the company within say the next 2 months. That party would have to have access to finance/cash on it's balance sheet ie RIO, Glencore. The only reason Hanlong want a long drawn out process is that they don't have the All the Cameroon Govt want is for the project to be started ASAP.
In fact, if the HAndlong conditions were dropped then you'd see who was REALLY interested. At that stage I'd be a buyer of the stock.
SDL Price at posting:
40.0¢ Sentiment: None Disclosure: Not Held