I think WISCO and others, after their due diligence didn't jump in due to the political risks now becoming apparent. Hanlong have taken the plunge and are struggling with the nitty gritty. It will hinge on CDB and after their talks with relevent govts on who they will decide to go with(occuring this month I believe). Any risks for individual coy's and mills will be taken on by them and their ability to de-risk the situation with the CAM and Congolese govts, imo. If CDB or the African govts don't want Hanlong or are unsure about them WISCO may pick up SDL much cheaper, who knows?Would people take 50c in FEB then with no conditions if Hanlong fall down before finance and permits? Hanlong will take anything more than 44c for their stake if they know CDB won't back them.
Keen to see what the independant expert will say by the end of this month!
SDL Price at posting:
37.5¢ Sentiment: None Disclosure: Not Held
