duped, page-9

Finally some common sense on this forum.

This is the way I see it:

1. No one would commit to a JV till the mining permits were issued and the mining permits were never going to be issued without a JV. Think chicken and the egg.

2. Hanlong make a takeover offer, knowing Sundance is in a stalemate.

3. Management can use Hanlong to get the mining permits as they are backed by the Chinese Government.

4. Once the mining permits are issued, then the project is up for sale to the highest bidder. If thats hanlong at 57c or Xstrata at 90c or whoever at whatever price, the market has spoken.

So management have simply allowed the market to dictate a price and whatever price that is what the project is worth. Not a cent more or a cent less. FACT