For the first time since July 2011, African-focused Sundance Resources isn’t the target of China’s Hanlong Mining. Three questions come to mind about what happens next. Former Billabong director Paul Naude is odds on favourite to win the embattled surfwear company at 60 cents a share. Meanwhile, the prospect of IPOs in the healthcare space is gaining momentum, while fund managers are issuing warnings about the potential for Rio Tinto’s aluminium problems to suck some life out of the Mighty River Power float.
Sundance Resources, Sichuan Hanlong Mining
There are three questions facing Sundance Resources this morning as the wreckage of the $1.38 billion Sichuan Hanlong Mining takeover offer lies at its feet.