It's pretty simple baukawIF the deal falls over AND the share...

It's pretty simple baukaw

IF the deal falls over AND the share price trades in the teens AND iF the steel mills over us 35 cents THEN we say no thankyou, but you are welcome to come back later with a fair offer BECAUSE Sundance has learnt that it does not pay to entertain opportunistic offers

Baukaw you make it sound like that Hanlong, the steel mills and ultimately, China, are doing Sundance a favour by taking the project off our hands.

China isn't doing Sundance ( or anyone ) a favour. THEY WANT THE ORE, they will try and pay as little as they can for it, but they will pay for it even if it ended up costing them 70 cents a share BECAUSE China gets manipulated by no one and are very cranky that BHP, RIO & FMG have the upper hand when it comes to iron ore supply.

The board needs to recognise that they made a huge mistake in letting the deal proceed when Hanlong could not meet commitments. It is time for a new strategy, a strategy that can deliver shareholders wealth over the medium to longer term, not traders and market manipulators wealth over the short term.