"If they with drew their offer the share price would go back to where it started under 40c
I suppose that depends where you put you make in the ground."
Prior to Hanlong coming on board the price was higher than 50c. Since they came on board the share has been significantly shorted - just refer tothe ASX for that data.
So are they a white knight? I would say no & hence the cold shoulder by management when Talbot group holdings were sold...& some said we should be welcoming them with open arms...lol...
We now know why these guys are in charge of SDL & not sombody like us..Forsore the issue about to unfold.... capital raising for �ngoing drilling' ( I was originally put out as I don't like surprises but conceded there was a bigger issue here)...yeah right...imaging doing a capital raising right now for a fighting fund..we would be gone for all money.
Capital raising was done higher than 40c.
So other than market conditions dragging us down (or getting shorted by DB/Hanlong) think this will hold as a floor. +/- a few cents
M
SDL Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
