Sundance Resources (ASX:SDL) is an Australian-based international iron ore company developing the Mbalam Project in the Republic of Cameroon in the central west coast of Africa.

Today SDL entered into another trading halt amid reports the Foreign Investment Review Board has delayed Hanlong’s bid for the group.

The delay relates to an ASIC investigation into allegations of insider trading by Hanlong’s executives.

FIRB is waiting on the investigation’s findings before making a decision on the bid.

The delay is likely to provoke some doubts on the takeover’s success, making SDL one the stocks to watch.

Receive FREE Trading Recommendations for the next 7 Days, Click Here!

No related posts.