SDL
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0.00% 0.6¢ sundance resources limited

Sorry to say I don't believe hanlong can come up with the money...

  1. Black_hole
    1,829 Posts.
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    13/06/12
    10:13
    Post #: 10297621
    Sorry to say I don't believe hanlong can come up with the money for takeover, almost impossible to get 5b for project capital.
    Mining borrowing cost is around 18% per year here in china with 300% collateral.
    Hanlong can't repay it even if it manages to borrow. They need something like 6b usd for 10 years...
    SDL Price at posting: 35.0¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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