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SDL - Sundance Resources

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Can anyone tell me what will happen to my SDL shares if they decide to accept Hanlongs offer? Will I be forced to sell my shares to Hanlong at their offer price? I don't want to sell my shares to anyone. What are the mechanics of all this stuff? :confused::dunno::thankyou:
Thanks in advance if you decide to enlighten me. :thankyou:
 
So im thinking of buying these at 45c or thereabouts.

But what exactly does that mean. How is it trading so low?

Is it basically a given 5c increase if the offer goes through?

Seems silly for it to have dropped so much?

Others like BOW are maintaining around the offer price.
 
If you buy you will join the millions who wonder what is happening behind the scenes.
Fair risk for the gain.
At this stage you would have to wonder what the probabilities of this deal going through are.
 
China is more likely to intemperate this in the light of -the way it behaves - which is to play dirty and do anything without conscience.

So China will think Australia is trying to some how interfere with the negotiations with sovereign motivations. It will make them all the more keen to win these assets.
So I think the last thing I'm expecting them to do is walk away in protest.

Should SDL trade at significant discounts when they re open as BMN have I reckon it will be a good opportunity.
Although I also think that getting a higher price as the board is trying to do maybe difficult. China could walk away to try to make SDL crash then come in with more buying when it's in the can. That's the more likely danger. BMN on the other hand is something I feel they will try to take and is more fairly valued by the current bid.

I have been buying more BMN this morning.
 
So, does this mean that all the smart people that picked up SDL at 37c are now going to be stoked to get 50c offer?

Surely events like this cant be capitalised on?

Hmmm, kinda confused how it all works.
 
surely this has to be a bargain at current levels.

Should have got in at 37c! Still not sure how it all works.

Although, seems to me like the takeover offer might be raised making this even better value..
 
Doesn't matter if the offer isn't raised. It's still a pretty great buy in my opinion. BMN being even better. Which I have been tucking into!
There are the risks but that's the game.
 
Just picked some of these up at 41c today, what are we thinking for tomorrow? Wasn't planning on buying any shares this week, however, noticed that SDL will release it's full year results on the 30th (tomorrow). Fingers crossed. ;)
 
There is an article on sina.com.cn that on Sep't 30 Hanlong and Sundance have agreed on a 57 cent takeover price.

There is no news however on the Sundance website and depth on the ASX certainly shows no greater interest than at the close on Friday.

Using the Google translator the article is interesting in terms of the financial power that the parent company Chinese Dragon group wields. They have 30 odd companies with assets of 36 billion for the strategic acquistion of mineral resource companies needed for Chinese growth.

While I understand the swings and round abouts on the share mkt due to sentiment, the problem for Aussie miners and explorers is that of takeovers by the Chinese at reduced prices. It happenned during the first GFC and is continuing.

For my part buying resource stocks on big dips is a strategy I stick with, as the growth needs of China and India are real and will not dissappear despite the gloom and doom pundits. While I already held a large parcel of SDL, I bought a lot more on the recent fall as it was an obvious win situation.

It will be interesting now to look at the share prices of stocks that will benefit from the development of rail and infrastructure as a result of the development of Sundance projects.
 
notting said:
Doesn't matter if the offer isn't raised. It's still a pretty great buy in my opinion. BMN being even better. Which I have been tucking into!
There are the risks but that's the game.
Click to expand...

I agree that buying BMN is a big risk, as no one know what Hanlong will do. I think their intention to bid BMN is not clear.
 
Well SDL has gone into a trading halt.

It seems we have missed our chance to buy :banghead:, stupid market sentiment, i watched these drop to 30c and didnt pick any up!!

I needs me some man berries.
 
CarbonSteel said:
Can anyone tell me what will happen to my SDL shares if they decide to accept Hanlongs offer? Will I be forced to sell my shares to Hanlong at their offer price? I don't want to sell my shares to anyone. What are the mechanics of all this stuff? :confused::dunno::thankyou:
Thanks in advance if you decide to enlighten me. :thankyou:
Click to expand...

Nobody answered my question above. Now it looks like a reality. Does anyone know what happens in this situation? Or y'all don't know either?:confused:
 
CarbonSteel said:
Nobody answered my question above. Now it looks like a reality. Does anyone know what happens in this situation? Or y'all don't know either?:confused:
Click to expand...

Initially you don't have to sell but if the company making the takeover bid (in this case Hanlong) acquires 90% of the shares then they can compulsorily acquire the other 10%. In other words, you'd have to sell.
 

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