I think they need to set the floor price...and it is a good....the reason why is that as things move on and SDL the company improves its position by gaining mining permits and resource increase etc etc etc etc....the value of the company increases exponentially....then the financial equity of the company increase and the offer would need to change upwards....that is if they write into the contract that the floor price cannot be increased beyond a certain percentage...
Setting the floor price with conditions that if things improve price may increase would be a huge encouragement for Hanlong to pull their fingers out and wrap up the deal as quickly as possible, because the longer they drag this one out the more it is going to cost them..
SDL Price at posting:
33.5¢ Sentiment: LT Buy Disclosure: Held
