SDL - Sundance Resources
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Sorry guys, my apologies - The Article was in the AUSTRALIAN FINANCIAL REVIEW newspaper in the section called STREET TALK.
"Sundance Resources mentioned here last week , which is hoping to develop an iron ore project in
the West African nation of Cameroon , has managed to hold onto the gain in its share price
from 40c to 65c
And former Macarthur Coal boss Ken Talbot yesterday confirmed his days as a director of a public
company were anything but over by joining the Sundance board , reflecting his 19.9 % stake
in the company.
But as he is close to Hong Kong/China's Citic Investment group, which now owns 19.9 % of McArthur
after buying more of his stock recently, there is also speculation that Citic will soon make its
presence on the Sundance register. This follows rumuours of Chinese buying in the stock as part
of last week's rally in the share price.
Citic is rumoured to be buying or about to buy 14.9% of Sundance.
It has invested in the large cape preston magnetite project in the Pilbarra after striking
a deal with Clive Palmer's Mineralogy Group last year"
"Sundance Resources mentioned here last week , which is hoping to develop an iron ore project in
the West African nation of Cameroon , has managed to hold onto the gain in its share price
from 40c to 65c
And former Macarthur Coal boss Ken Talbot yesterday confirmed his days as a director of a public
company were anything but over by joining the Sundance board , reflecting his 19.9 % stake
in the company.
But as he is close to Hong Kong/China's Citic Investment group, which now owns 19.9 % of McArthur
after buying more of his stock recently, there is also speculation that Citic will soon make its
presence on the Sundance register. This follows rumuours of Chinese buying in the stock as part
of last week's rally in the share price.
Citic is rumoured to be buying or about to buy 14.9% of Sundance.
It has invested in the large cape preston magnetite project in the Pilbarra after striking
a deal with Clive Palmer's Mineralogy Group last year"
i found this the other day and there is info in it that was new and interesting to me. i am not sure if it has been posted on this site before so sorry if you have already seen it. the reference to CEMEC in china investing in the region and also the comparison of SDL with FMG/MGX is good.
www.rmresearch.com.au/images/PDF/pdf-rmresearch/SDL_RM RESEARCH_15_11_2006.pdf
www.rmresearch.com.au/images/PDF/pdf-rmresearch/SDL_RM RESEARCH_15_11_2006.pdf
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Folks
This is an extract on iron ore industry: applicable to Rio Tinto (45% iron ore), BHPB, GBG, SDL, FMG, Atlas Iron, MMX and all
The catch is only few of them no in producer status to reap the real benefit in price hike in 2008.
"JP Morgan commodity specialists lifted their price forecasts for iron ore this week. They now anticipate a price rise of at least 25% at the upcoming negotiations and another 10% rise for the following Japanese fiscal year. As a result of this, earnings estimates for Fortescue jumped by 89% and 46% respectively for 2008-09 and 2009-10."
This is an extract on iron ore industry: applicable to Rio Tinto (45% iron ore), BHPB, GBG, SDL, FMG, Atlas Iron, MMX and all
The catch is only few of them no in producer status to reap the real benefit in price hike in 2008.
"JP Morgan commodity specialists lifted their price forecasts for iron ore this week. They now anticipate a price rise of at least 25% at the upcoming negotiations and another 10% rise for the following Japanese fiscal year. As a result of this, earnings estimates for Fortescue jumped by 89% and 46% respectively for 2008-09 and 2009-10."
michael_selway
Coal & Phosphate, thats it!
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Does SDl have a limited mine life? how does it compare with FMG?
thx
MS
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -26.2 -51.4 174.2 398.0
DPS 0.0 0.0 0.0 60.1
springhill
Make the drill work for YOU
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Its my understanding at current levels the mine life in cameroon is 20 years but with further drilling and exploration of possible new areas of interest this could increase, or rates of production per annum ramped up.
Sounds pretty good. I don't think ZFX had a mine life that long and look at where it is trading now and paying dividend. What is the expected mine life of FMG?
Love Zn
Becoming anaemic, need Iron.
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The reasons why SDL is being compared to FMG is that they are both large Hematite resources. SDL will also need to raise large captial like FMG to build a port and long rail system. FMG's start up production is expected to be around 25MT pa, whereas SDL are planning 35MT pa.
I've always believed FMG's SP is over inflated, a very good sales job by Twiggy (well done to him and share holders), but I don't see this being repeated by other up and coming companies, including SDL.
I do believe SDL will do very well for long term holders, but is still a very speculative share, and still a high risk. The risks will decrease and price increase as we get the first drilling reports (due September Qrt), then the PFS, followed by BFS and then securing of capital, which is still a couple of years away.
What does help is Mr Jones experience with Portman getting them from explorer to producer and now with Mr. Talbot joining the board, this will also add experience and contacts for the required capital raising.
I just hope all these people keep speculating and throwing up wild theories of merges, increases my chance of winning the September tipping
I've always believed FMG's SP is over inflated, a very good sales job by Twiggy (well done to him and share holders), but I don't see this being repeated by other up and coming companies, including SDL.
I do believe SDL will do very well for long term holders, but is still a very speculative share, and still a high risk. The risks will decrease and price increase as we get the first drilling reports (due September Qrt), then the PFS, followed by BFS and then securing of capital, which is still a couple of years away.
What does help is Mr Jones experience with Portman getting them from explorer to producer and now with Mr. Talbot joining the board, this will also add experience and contacts for the required capital raising.
I just hope all these people keep speculating and throwing up wild theories of merges, increases my chance of winning the September tipping
"I do believe SDL will do very well for long term holders, but is still a very speculative share, and still a high risk. The risks will decrease and price increase as we get the first drilling reports (due September Qrt), then the PFS, followed by BFS and then securing of capital, which is still a couple of years away."
Hey Love Zn, I assume you were referring to the first quarter report which is due at the end of October?
Hey Love Zn, I assume you were referring to the first quarter report which is due at the end of October?
Bump - I bought quite a few of these shares recently as URI didnt actually float on the market for some strange reason. I have a friend who invested a substantial amount back when the share price was around 20 cents and ive been wanting to buy it ever since.
In some respects ive missed the boat a bit having bought in at 70 cents though SDL seems quite a good stock in the long run.
In some respects ive missed the boat a bit having bought in at 70 cents though SDL seems quite a good stock in the long run.
michael_selway
Coal & Phosphate, thats it!
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Not bad, yep 20 years 35mtpa which is pretty good
thx
MS
Earnings and Dividends Forecast (cents per share)
2006 -- -- --
EPS -0.3 -- -- --
DPS 0.0 -- -- --
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You just beat me to it Nikki ......have just posted in GBG thread ..........very interesting ..... same announcement by both companies and submitted within a minute of each to ASX ..... maybe nothing in it but seems too much of a coincidence .......this will be interesting?
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EXCELLENT NEWS!!!! Finally...
For those of you hold SDL or GBG shares...
Better place your Ferrari / BMW / JAG order..
For those of you hold SDL or GBG shares...
Better place your Ferrari / BMW / JAG order..
SDL Trading Halt
Well SDL is in a trading halt for today and an announcement is expected to be released by the end of trading today. I havent been keeping up with SDL as much as i should have been and thus am a little off as to what they could be announcing to warrent a trading halt.
The last time they went on holt was the 23rd of july to release over 1.8 billion in shares onto the market. What could it be this time?
Well SDL is in a trading halt for today and an announcement is expected to be released by the end of trading today. I havent been keeping up with SDL as much as i should have been and thus am a little off as to what they could be announcing to warrent a trading halt.
The last time they went on holt was the 23rd of july to release over 1.8 billion in shares onto the market. What could it be this time?
Love Zn
Becoming anaemic, need Iron.
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My guess is that it's unrelated.
SDL is due for it's first drilling results that were started the end of June. This is their first step in proving their resources for a JORC.
GBG is also expecting drilling results from it's Lodestone project or could be announcing that they are joining MIS in the Yilgarn Infrastructure Project.
SDL is due for it's first drilling results that were started the end of June. This is their first step in proving their resources for a JORC.
GBG is also expecting drilling results from it's Lodestone project or could be announcing that they are joining MIS in the Yilgarn Infrastructure Project.
DJ Gindalbie Metals, Sundance Resources To Merge - Source24/09/2007 11:19AM AEST
PERTH (Dow Jones)--Gindalbie Metals Ltd. (GBG.AU) and Sundance Resources Ltd. (SDL.AU) plan to merge, a person familiar with the deal said Monday.
The two iron ore mine developers are based in Perth and are chaired by Western Australian mining veteran George Jones.
The deal would likely involve a share swap, the person said, and could be announced as early as Monday.
Based on the market values of the companies, the merger would create a A$2.2 billion group.
Shares in both companies are in a trading halt.
By Stephen Bell, contributing to Dow Jones Newswires
PERTH (Dow Jones)--Gindalbie Metals Ltd. (GBG.AU) and Sundance Resources Ltd. (SDL.AU) plan to merge, a person familiar with the deal said Monday.
The two iron ore mine developers are based in Perth and are chaired by Western Australian mining veteran George Jones.
The deal would likely involve a share swap, the person said, and could be announced as early as Monday.
Based on the market values of the companies, the merger would create a A$2.2 billion group.
Shares in both companies are in a trading halt.
By Stephen Bell, contributing to Dow Jones Newswires
michael_selway
Coal & Phosphate, thats it!
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What would the prices be when the merge?
thx
MS
GBG - Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -0.7 -0.5 7.2 9.4
DPS 0.0 0.0 0.0 0.0
SDL - Earnings and Dividends Forecast (cents per share)
2006 -- -- --
EPS -0.3 -- -- --
DPS 0.0 -- -- --
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