I say again. The spanner in the works is NOT a financing issue. China withdrew financing to Han Long bacause Han Long is dead. Why provide provide finance to a company under investigation by ASIC for which it may get ultimately implicated (after stalling by abnother 12 months - and what start from scratch ??)
China Inc pulled the Bank Letter (TO SAVE FACE) !
Why good is finance if ASIC rejects the T.O based on the issue of "character" which it already flagged it may do so !
Look no further, the new bidder is Hunan Valin.
They may not formalize a T.O announcement until the Cameroon mining convention grants the mining approvals (you may say the Africans are basically awaiting instructions from Beijing).
SDL Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
