It is true from my research today that some Chinese commodity traders think the deal is still overpriced due to the falling iron ore price. It is also true that most of Chinese companies invest in western Africa mines are losing money due to the changing government regulation there.
However, as an investor, would you buy into some other take over rumor or the on the table deal? Would you sell on loss base on imagination of the unknown secrets?
SDL Price at posting:
32.5¢ Sentiment: ST Buy Disclosure: Held
