yes, poor history of meeting deadlines and deal making if I can even call it that
GJ sold Portman Mining in 2005 when the iron ore price was $28/t and less than 3 years later it was more than double at $60/t. The deal was worth $465m. In 2013 one analyst valued just one of their Australian mines, the Koolyanobbing operation, at $1.5b USD. Considering the market in 2013-2014 this might be high but is 3 times GJ sale price.
Someone posted earlier that the Hanlong debacle was out of the control of Sundance :) yes, they had no choice to have the longest failed takeover bid in Australian corporate history :) The poster doesn't know that GJ was quoted as saying he likes the way the Chinese do business.
There is only one slide in the upcoming presentation I want to see and that's "under new management".
SDL Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held
