"it is about people who have stuck by Sundance Resources over the last 5 to 7 years. They are the true SDL share holders."
A very romantic, but IMO naive, view of the share market.
The goals and views of a long term SDL investor from 5 years ago no longer align with the goals and views of the majority of SDL's share register, nor do they align with the strategy / recommendation of the board.
It's not 2008 anymore. Circumstances have changed, the owners of the company have changed (and with that the expectations of the owners have changed), and the strategy of the board has changed.
2008: The owners of Talbot & supporting holders had expectations of production via JV & off-take. The board was pushing for JV & off-take deals.
2013: The owners of Hanlong, hedge funds & those capitalising on T/O arbitrage have expectations of a Scheme of arrangement. The board has recommended the Scheme.
'Long term' holders from 2008 still pushing for production are artifacts left over from a previous era.
SDL Price at posting:
34.0¢ Sentiment: Hold Disclosure: Not Held
