SDL sundance resources limited
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glencore "very interested", page-6

  1. Matt747
    10,494 Posts.
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    19/03/13
    12:06
    Post #: 11557250
    sp went down yesterday because the ASX plunged by 100+ points. More selling pressure came as Chinaman did a no-show.

    Looks like GJ is applying pressure on HanLong to come up with the term sheet otherwise SDL may pull the plug on HanLong.

    From China's POV, producing the term sheet (for 45c a pop) now is problematic as it means the humiliation of ultimately out-bidding Glencore at a price above their BS "resonable price".

    SDL Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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