Questions that should torpedo a HanLong bid at 45 cents if a counter bid comes in higher YET SDL get snarled by traps laid in the mining permit (as per item 24 in the SIA FAQ).
1) Why did George Jones compromised on a second time low-balled (of a low-ball bid) for a no-shop-no-talk WAIVER that is rendered uselss because HanLong (PRC) and the African countries concerned have engineered it to fail.
2) In the same manner as the FAQ that stipulated that HanLong could NOT lower the bid from 57 cents (which has legal implications), how should shareholders including hedge funds hold Sundance accountable for this official promise of SAFEGUARD ???
3) How on earth can Sundance POSSIBLY turn down a counter-bid at a higher price when shareholders interest is enhanced. (Thought George Jones said he wanted to inject some "competive tensio").
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