It is very disappointing to see the deal is facing some speed bumps, but this should't disappoint the long term holders.
This what I think will happen medterm future if hanglong deal delayed or terminted, First, the share price will fall back to 15 to16 cents to fill the gap(if anyone hasn't noticed, go back and have a look), A lot of people will think that we will have a support from hanglong, I will say, we had no support when talbort was a holder, price tanked from 80 cents to 7 cents.
Secondly, sdl will operate as normal, with Gj beeing replaced,
Thirdly, sdl will need to dilute shareholders to keep the drilling going and possibly a new sub holder may emerge,offering a s lightly higher price.
This is my thoughts only, please don't stab me in the back.
Cheers
Bouhr
SDL Price at posting:
37.5¢ Sentiment: LT Buy Disclosure: Held