Conspiracy 301....moot a takeover, then cash in on the SP rise
Hang Long is a big company in China, as too is Jinal in India.
One often wonder if companies can make more money mooting to buy explores and exploiting the resultant SP movement (as it would seem Hanglong execs did [could have been a lot more people/organisations on the take then just them]). Once scammed do they walk away with some excuse as to why it can't go ahead (magnetite, falling POFe, gone to jail).
I wonder who was behind the pump in SDL last week, will they moot an offer next week, only to walk away from the offer at a later date. Is this just another parasites game aimed a making a quick buck.
Why would Jinal be so forthcoming about wanting acquisitions in SDL specific region, when most organisations would keep it quiet in the hope of keeping the SP suppressed.
Sorry I know this amounts to a conspiracy theorem of sorts...but honestly over the past two years I wouldn't be surprised what unethical manipulation are going on, to take advantage of seemingly desperate explorers.
If an offer is forthcomming SDL management had best do Due Diligence and put in place contractually MASSIVE protections, before making ANY announcements. Another HangLong would cripple SDL.
SDL Price at posting:
8.0¢ Sentiment: None Disclosure: Held