SDL
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0.00% 0.6¢ sundance resources limited

Too many uncertainities with SDL at the moment, thats why the...

  1. Gus
    219 Posts.
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    11/04/13
    14:14
    Post #: 11632292
    Too many uncertainities with SDL at the moment, thats why the stock get dumped everday. My biggest concern is if Hanlong's lenders would repossessed its shareholding in the miner and dumped it on the market.

    I quote the words of AAP staff reporter

    "In all, Hanlong is facing a combined $274 million loss on its Sundance and Moly Mines investements, leaving Hanlong vulnerable to Chinese lenders".

    Hanlong is currently in a very risky situation with its lenders. Recently China EXIM, one of Hanlong's lenders was rumoured to have the intention to repossess Hanlong's shareholding in Moly mine.

    too many bloody uncertainity IMO.....
    SDL Price at posting: 9.3¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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