Fortunately not just for us holders only. Hanlong initial stack cost them $190.9 million, now it is worth only $49 million.
Having the share price tanking more will only see the CDB money evaporating so quickly. There is also a report mentioning China Exim bank may take control of the holding in moly mines, Hanlong denied. We possibly see the same thing here(in sdl) sooner.
At today price SDL is valued at approx $330m.
Meanwhile i highly believe that Hanlong had all holes covered( third party shorting on their behalf, possibly Baukaw).
Yes, it is very disappointing that no alternative scenario was reached with china, but i do believe a substantial holder will show it face at the back of the share price collapse.
good luck to all Holders
bouhr
SDL Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held