Hey guys checkout street talk in today's fnr,Hanlong mining is one of 5 parties interested becoming a strategic partner in Sundance Resources 4.4 billion dollar Mbalam iron ore project in Cameroon&Republic of Congo.The chinese company is exploring a number of deals with Sundance including a full takeover.The defence for Sundance Has come down to a tussle between two banks,one of which is UBS.JP morgan Sujit Dey said it makes sense for a chinese company to take over Sundance For its high quality iron ore,rather than pay $2billion for a 50% stake in the project..looks like things are heating up,we seem to be getting allot more publicity these days!..go SDL
SDL Price at posting:
36.5¢ Sentiment: LT Buy Disclosure: Held
