Hanlong should lower Sundance offer, analysts say, as 'reasonable' price negotiations continue

Junior miner Sundance Resources has extended a trading halt on its shares until talks with China's Hanlong Mining Group on a potential takeover are completed.

“Sundance and Hanlong [...] remain in incomplete negotiations as to the reasonable acquisition price referred to in the NDRC provisional approval,” Sundance said.

Hanlong’s proposed takeover of Sundance includes the Mbalam...


Elfi Middelbeek

August 09, 2012

09:46 GMT