new offer price, page-2

Bluewater,

This might explain why - Hanlong appear to be calling the shots within SDL.


From back in 2011 after the first takeover bid was announced.

", he did note that Hanlong’s stake in Sundance, acquired earlier in the year, had made it hard for the company to look at other partners for its flagship Mbalam iron ore project,"

From this it looks like they've gone all in with Hanlong in my opinion - not even bothering to look at the JV's they had all lined up previously.