suspension now until 31st august 2012, page-28

Looks like the Chinese have done an SS & T / PLV on Sundance-

Looks like they all go to shafting 101 school of business !

Sundance Likely To Recommend Hanlong's 12% Lower Bid -Source

01/08/2012 1:04PM

By Gillian Tan

SYDNEY--The board of Sundance Resources Ltd. (SDL.AU) is likely to recommend a 12% lower offer from China's Hanlong Mining, which would value the Africa-based miner at around 1.5 billion Australian dollars (US$1.57 billion), a person familiar with the matter said Wednesday.

The new bid will be at A$0.50 a share, the person said, adding that the lower price to be offered reflected a change in market conditions.

Sundance, which owns iron ore deposits in West Africa, Tuesday requested that trading in its shares be halted temporarily pending an announcement "as to the issue of National Development Reform Commission approval."

The Wall Street Journal reported late Tuesday that NDRC approval has been received, according to a person familiar with the matter. Sundance shares traded close to A$0.33 each when trading was halted Tuesday.