explains a lot about what is going on., page-8

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Sundance on hold waiting for Hanlong
Leo Shanahan
October 01, 2012 12:00AM
SUNDANCE Resources will announce that its Chinese bidder, Hanlong Mining, is yet to finalise financing for its takeover after Sundance went into a trading halt on Friday.
However, the impending announcement by Sundance does not call into question Hanlong's commitment to the $1.37 billion takeover, with the Australian miner confident of receiving a draft financing letter from Hanlong in the coming weeks.