Matt, IMHO the huge disconnect in the SDL SP and predicted...

Matt, IMHO the huge disconnect in the SDL SP and predicted prices is highly indicative of the perceived risk of failure for the Sundance to get a deal across the line.

The Hanlong deal had the SP trailing well below the offer throughout the whole TO ordeal as people were not confident in the sale going ahead. The end result is where we sit today with a floundering SP. Retail buyers and Insto's are not buying into the stock atm based on SDL's inability to get any sort of deal across the line (past tense).

Basically IMHO people have been shell shocked with failure after failure on this stock and do not have the confidence in management's ability to bring Sundance to a producer.

Multiple broker reports have been put out on Sundance and NONE have come even close to their recommended target area.


Until management announce who is in the tender process or announce the successful bidder, people will remain sceptical as history repeats with Sundance boards poor track record to date.