my view on sundance, page-9

Yeh the original idea of $5 is not possible anytime soon.

At $5, SDL will have a market cap of over $11b. That is more than the market cap of Macquarie Bank and Atlas Iron combined.

SDL is far from production where Atlas (AGO) is already in production and becoming Australia's forth force in iron ore after FMG with a market cap of $3.5b. SDL is far from that.

I just hope the Hanlong-SDL deal (or another Chinese company I'm still happy) goes through and happy to a improved offer of 55c or 60c, which ever is offered.

Still a buy recommendation for SDL in sight for a deal breakthrough, which I'm growing impatient over the slow pace.

I dumped BMN at a small loss in view that Hanlong might focus all their horses on SDL. I think BMN takeover is unlikely to go through, if Hanlong is after SDL. Unless the NDRC does not approve Hanlong for SDL and gives the opportunity for another Chinese SOE to go for SDL, then BMN may have a Hanlong chance.