someone still selling off, page-36

Vendron

"Sundance is a pretty simple equation really.

1. If you think they will get the finance and the project will go ahead then sit tight and hold until they're debt free and make multiples on your investment.

Or

2. If You think finance is unattainable sell and move on to an investment that you feel more comfortable with.

If Hanlong are happy to invest 200 mill than I think the market is being provided with a pretty good hint as to the outcome."

How about adding Option 3 ?

3. Sell, if you think the project will get financed, but that a $1.4 billion valuation is toppy, especially for the dilution to be suffered, the risks of the iron ore market coming off the boil, and project execution risks.

I suspect that's the basis Talbot were happy to sell their $ 200 mil holding.