Hi Andres, I was told a while ago that Hanlong were told to bring in a steel mill:
Posted: 08/07/12 17:52 Stock Price (at time of posting): 31c Sentiment: Buy Disclosure: No Stock Held
Post Reply Thread View Back (+8) Report Post << Previous Post Next Post >> From what I gather it took 18 months to make that deal.
Patience is required.
NOTE: I am in no way suggesting that Sundance/Hanlong will take 18 months from here! The only rumour I have heard is along the lines published in the press - NDRC want to see a partner brought in as Hanlong have not stumped up any of their own cash yet. It is likely to be a Chinese steel mill. I am guessing Wisco is a front runner as I think they were one of the parties looking at Sundance prior to the Hanlong bid.
DYOR
SDL Price at posting:
32.0¢ Sentiment: Buy Disclosure: Not Held
