Below was a buy recommendation by Darren Jackson from Calibre Investments, in The Bull Newsletter.
Sundance Resources (SDL)
Chart: Share price over the year to 29/07/2011 versus ASX200 (XJO)
Sundance has recently been trading at a modest premium to the lowball takeover bid at 50 cents a share by Hanlong Mining. The proposed acquisition price of 50 cents a share values Sundance at $1.44 billion. There should be continuing interest at higher levels in SDL�s strategic African iron ore assets. Wait for the company�s true value to be realised and offered. Sundance was trading at 53 cents on July 28.
the bull.com.au newsletter
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