I am in and hoping it happens for the short term trade.
Cheers Hotlegs
Sundance deal a barometer for raw material
by: Sarah-Jane Tasker From:The Australian July 30, 201212:00AM
CHINA'S long-term view on the strength of its appetite for iron ore will be tested this week when the country's top economic planner announces its decision on Sichuan Hanlong Group's $1.7 billion bid for Australian-listed Sundance Resources.
Plenty of negative noise around falling demand from the economic powerhouse has heavily weighed on resources stocks over the past three months, despite iron ore miners being confident of selling every tonne of the red dirt they produce.
SDL Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held