SDL 0.00% 0.6¢ sundance resources limited

The focus on FIRB is a total furphy.FIRB's only concern - as far...

  1. 357 Posts.
    The focus on FIRB is a total furphy.

    FIRB's only concern - as far as I am aware - is to ensure that deals are not done that are contrary to Australia's national interest.

    Given that SDL's assets are not in Australia - there was never anything of significance for FIRB to look at about this one.

    But even if SDL's assets were in Australia & highly strategic - it is not FIRB's job to vet an acquirer to assess whether they are capable of completing the deal.

    That's simply not part of their mandate. It is no concern to them whatsoever if a deal that is not contrary to the Australian national interest does not take place because the bidder couldn't get finance.
 
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