SDL 0.00% 0.6¢ sundance resources limited

If the ASX is at least around 4300 come April and any talk of a...

  1. 10,494 Posts.
    If the ASX is at least around 4300 come April and any talk of a Chinese economic slowdown is nothing but a fizzer, then I am pretty certain share holders (retail & insto)including those snapping up big time at the current price will REJECT the deal. George Jones will be under a lot of pressure by then.

    It's a good thing that Hang Long may be mopping up as many shares on the market now (I am pretty sure it is being done via proxies), then the more they can up the final price to complete the takeover.

    Remember SDL is useless to the Chinese if they can't complete the compulsory total acquisition.

    It the ASX claws back to 4500, then expect 75 cents easy peasy stingy chinesi.
 
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