So some (ex) Hanlong employees that knew about the offer purchased before the bid and sold after to make a little money. Naughty Naughty. They got found out and now they are in trouble. Now Hanlong are sending someone over to Australia to continue negotiations with Sundance and whoever else they are interested in.
People freaked out and sold thinking Hanlong were corrupt and offer is gone when all it really was, is some shady Hanlong employees that thought they could make a few bucks off some insider information. Now they are fired and will probably cop a huge fine.
Some lucky people got some SDL very cheap today.
Don't believe the doomsdayers. They just want you to sell so they can load up cheaply.
IMO DYOR.
SDL Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held