There are no signs of another suitor at the moment, and that may or may not eventuate. I certainly hope it will, but I have no idea. What you can be certain of though, is the way Hanlong are positioning this with the timing of the mining permits, indicates fear. I think they REALLY want this asset and are extremely fearful of a counter bid, so are doing everything in their power to stop that happening. Why? Because this is a great asset. You can't argue the margins on the DSO, and in a deteriorating environment for resources, this asset could help the owner come out ahead.
SDL Price at posting:
36.5¢ Sentiment: None Disclosure: Held
