Another example of how these guys roll - Chart was right on this...

Another example of how these guys roll - Chart was right on this one as well. Been dragging for almost a year and now they are going to renege

4 October 2011

Hanlong Mining reaches agreement for the acquisition of Sundance Resources via a Scheme of Arrangement
Hanlong Mining (“Hanlong”) notes the statement made today by Sundance Resources (“Sundance”) and confirms that it has reached an agreement with Sundance to acquire 100 per cent of Sundance shares through a Scheme of Arrangement.
Hanlong has offered to pay A$0.57 cash per Sundance share, valuing Sundance at A$1.65 billion

ASX Announcement
8 August 2012

Sundance retains suspension while negotiations with Hanlong continueSundance Resources Limited (“Sundance” or “the Company”) (ASX: SDL) advises that further to the
Company’s ASX announcement dated 2 August 2012 and the Company’s request for suspension from official quotation on the same day, Sundance now advises:

Sundance and Hanlong (Africa) Mining Investment Limited ("Hanlong") remain in incompletenegotiations as to the reasonable acquisition price referred to in the NDRC Provisional Approval.

The Sundance Board considers that trading in Sundance securities should remain suspended until the completion of those negotiations at which point in time it will have sufficient certainty to update the market.

All rights and obligations between Sundance and Hanlong remain as stipulated in the revised Scheme
Implementation Agreement dated 23 May 2012.