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0.00% 0.6¢ sundance resources limited

sdl accepts revised hanlong offer of 45c a sha, page-82

  1. ozwell61
    124 Posts.
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    29/08/12
    08:38
    Post #: 10638079
    folks,

    IMO the closing SP is being supported by a large holder!

    the SP is trading lower during the day and is being boosted at the close.

    36cents is a 20% premium and the buy/sell orders ratio is greater than 4.

    IMO Hanlong is going to reduce the price again to 40cents or lower as IO price is still falling and the market does not believe the takeover will proceed at thin price!

    I have reduced my holding by 40% and will be voting NO to Hanlong.
    SDL Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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