CBD sign off complete according to AFR, under redraft to satisfy SDL legal. Great news. "The finance letter that Hanlong has the all clear from CBD is now all but a certainty to arrive by mid October. Letter received but being tweaked.
We bounced of the upper 35 trend yesterday and are likely now to consolidate a few cents it two for a few days before a resumption of the uptrend. The chart is a double bottom head and shoulders which suggests that it will break hard upwards. Given the market is pricing the probability of a deal higher, the big unknown is whether there is in fact a genuine counter bidder (AFR suggesting two) that wants to make a move.
While "deep in November" has been suggested as a possibility, you never know when a strategic move may be played out.
A few more days of buying opportunity left guys!
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hanlong has sundance finance in bag
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