This goes back to the days of SDL demanding an increased bid from the original 50c bid. I'll let you guys figure out who these 2 individuals are. The companies they work for are also evident. One of them I believe is a former parliamentarian.
Interesting Quote from one of them:
Sundance did the right thing by holding out for a higher bid because we know Hanlong wants to get its hands on the project to try and break the stranglehold of BHP Billiton, Rio Tinto and Vale. Hanlong chairman Liu Han told Sichuan Daily that the successful purchase of Sundance will have a huge impact on Chinese mining and Chinese iron markets.
Liu also said that Hanlong has signed a deal with an unnamed Chinese construction company to build the rail and port infrastructure for the Mbalam project, which it said would produce iron ore at a "very competitive" $US21 a tonne.
SDL Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
