SDL - Sundance Resources

Country Lad · 1 November 2013

tech/a said:
Ok
More personal than technical reasons.
Enjoy your trip!

Not technical or personal really, otherwise I would have put a stop sell on it. More a case of:

Country Lad said:
12.5 cents looks pretty good for a while, .

.

because these types of spekkie stock go through the the usual "train leaving station" stage, everybody gets on board, then it slows down because everybody is on board, then people get bored because there is no more news, then it is sold to buy others which are in the "train leaving station" stage and so on.

I just thought it was going into the bored stage, sold it and bought the next train and put a stop loss on that one to reduce the risk while I am not watching.

Internet here is at snail's pace and so far the "Music Muster" is a bit like karaoke at the local pub.

Cheers
Country Lad

pavilion103 · 1 November 2013

It's an interesting one with ones like this. I guess it can be a bit hit and miss.

Same happened with MNW when it went from 10c to 18c in a day and then stagnated for a week or two before hitting as high as 45c.

I'm just going to wear it at the moment. Stop at break even 8.2c. We'll see how it plays out.

Country Lad · 1 November 2013

pavilion103 said:
I'm just going to wear it at the moment. Stop at break even 8.2c. We'll see how it plays out.

I don't think it is likely to fall, just trade in a range for a while. In fact, I would expect it is likely to go higher eventually unless there is some bad news.

I will put a stop on the next train I boarded (and send this) if the internet will behave.

Cheers
Country Lad

tech/a · 1 November 2013

Country Lad said:
I don't think it is likely to fall, just trade in a range for a while. In fact, I would expect it is likely to go higher eventually unless there is some bad news.

I will put a stop on the next train I boarded (and send this) if the internet will behave.

Cheers
Country Lad

The way to make money with these in my opinion is
(1) do what your doing with a hard stop at B/E
(2) get out as soon as a reversal after a larger move has occurred. 22/10 is glaring
A stop at the high of 21/10 is the obvious.

THEN a re entry strategy.
personally In and out for me.
I don't want to be sitting in a trade watching another fly off!

pavilion103 · 1 November 2013

tech/a said:
The way to make money with these in my opinion is
(1) do what your doing with a hard stop at B/E
(2) get out as soon as a reversal after a larger move has occurred. 22/10 is glaring
A stop at the high of 21/10 is the obvious.

THEN a re entry strategy.
personally In and out for me.
I don't want to be sitting in a trade watching another fly off!

I agree with this.

There was an obvious reversal with this particular stock.

Getting out and taking the profit on the table after a big shoot up move is a good idea. Looking for re-entry is also good.

I agree with this technique.

The reason I am trying something different in the sub10c thread is because I want test a strategy which requires very little effort and day to day management. This is not the ideal way I would trade these, but a methodology which doesn't require much work and holds a number of stocks in the hope that one will go to the moon.

tech/a · 1 November 2013

pavilion103 said:
I agree with this.

There was an obvious reversal with this particular stock.

Getting out and taking the profit on the table after a big shoot up move is a good idea. Looking for re-entry is also good.

I agree with this technique.

The reason I am trying something different in the sub10c thread is because I want test a strategy which requires very little effort and day to day management. This is not the ideal way I would trade these, but a methodology which doesn't require much work and holds a number of stocks in the hope that one will go to the moon.

PAV

There are good opportunities here.
That's why I introduced them to you.

pavilion103 · 14 November 2013

Hit 13c this morning. Pushing through a few previous highs of 12.5. A bit of volume too.

Let's see how this goes.

Jewels · 25 November 2013

Hi Sundancers,
Can anyone shed any light on why SDL are in court today, and what the implications are?

Before The Hon. Justice Le Miere Court 1, Floor 15, 111 St Georges Tce, Perth 10:30Absolute Analogue Inc v. Sundance Resources Ltd (CIV 1773/2007) Civil Trial

Thanks Jewels

RP_Automotive · 26 November 2013

Not sure if this helps? http://www1.lawcouncil.asn.au/FEDLI...ncvSundanceResourcesLtd[no2][2011]WASC243.pdf

RP_Automotive · 27 November 2013

The end of the year is fast approaching, and let be honest, it really finishes mid-December when everyone packs up for Christmas. I hate to say it, but it's looking like we're going to see another target missed. I hope I'm proven wrong in the next 3-4 weeks.

hangseng · 27 November 2013

RP_Automotive said:
The end of the year is fast approaching, and let be honest, it really finishes mid-December when everyone packs up for Christmas. I hate to say it, but it's looking like we're going to see another target missed. I hope I'm proven wrong in the next 3-4 weeks.

You may very well be correct RP.

I entered the comp on a punt it will happen, but entered SDL again in October for a bit more than the early announcement. Nothing ever a certainty, but I believe this to be a lower risk entry now.

IMO this will be GJ's swansong, the commitment he gave post the directors plane crash were not hollow words.

RP_Automotive · 29 November 2013

The chairman's address which is out today basically says that they expect tenders to be submitted to SDL in the next few weeks, negotiations to start early next year, and agreements to be undertaken by mid next year at the latest.

Time to take a punt and hold on for another 6 months....but if they miss this deadline I'm all but out I think.

Lootius · 13 January 2014

Authorities finally caught up with Steven Xiao, former Hanlong Mining Executive.

http://www.theaustralian.com.au/bus...ted-in-hong-kong/story-e6frg8zx-1226800639551

notting · 23 May 2014

All's well that ends well.

http://www.theaustralian.com.au/business/death-sentence-for-hanlong-chief-liu-han/story-e6frg8zx-1226928643752?from=public_rss

He is not being punished for the way he did business. All the Chinese do business like he did. He just pissed off the wrong people ie he lost some of their money and exposed some insider trading techniques they use in international markets.

skc · 23 May 2014

notting said:
All's well that ends well.

http://www.theaustralian.com.au/business/death-sentence-for-hanlong-chief-liu-han/story-e6frg8zx-1226928643752?from=public_rss

He is not being punished for the way he did business. All the Chinese do business like he did. He just pissed off the wrong people ie he lost some of their money and exposed some insider trading techniques they use in international markets.

Surely the death penalty relates to his murder charges?!

It was found Liu ordered the execution of his business rivals, often in public places such as tea houses, to reinforce his power and help Hanlong maintain its dominance as a mining company.

notting · 23 May 2014

skc said:
Surely the death penalty relates to his murder charges?!

Surely

As sure as anyone who is anyone in China should be on death row.

I still can't get an angle on what is going on with AQA which is a far smaller resource with equal infrastructure issues. They want a peace of Australia or they have upset the Africans.

notting · 23 May 2014

Clearing away the mist.

Liu's most serious offense, however, could well be political: He was caught up on the wrong side of a titanic power play, multiple sources say, because of his business partnership with the son of former domestic security chief, Zhou Yongkang. In a campaign unprecedented in modern China, Xi is determined to bring down Zhou for making a behind-the-scenes grab for power, the sources say.

http://www.reuters.com/article/2014/05/23/us-china-corruption-special-report-idUSBREA4M00120140523

skc · 23 May 2014

notting said:
http://www.reuters.com/article/2014/05/23/us-china-corruption-special-report-idUSBREA4M00120140523

Thanks for the link. Very intriguing story.

notting said:
He is not being punished for the way he did business. All the Chinese do business like he did. He just pissed off the wrong people ie he lost some of their money and exposed some insider trading techniques they use in international markets.

This story involved political power at the highest level so the death penalty makes a lot more sense now. It is a lot more than just exposing some insider trading techniques... he may or may not have committed some of the alleged crimes (like murder etc), but he certainly he hanged with the wrong (i.e. losing) crowd.

Garpal Gumnut · 30 May 2014

Wal King was appointed Deputy-chairman today.

Price has gone gangbusters since.

gg

Garpal Gumnut · 4 June 2014

SDL is a much misunderstood stock, mainly due to a legion of tragics on another forum coughs- ahhoddhoojooajoo- hc who lost thier collective drawers buying in at 30c or more two or three years ago.

It has probaly more iron in it's African mines than anyone else worldwide.

The chart has been re-energised by the appointment of Wallace King of Leighton Legend, as deputy chair, I would not be surprised to see him chair one day.

The chart is becoming.

gg

SDL - Sundance Resources

Country Lad

Off into the sunset

pavilion103

Country Lad

Off into the sunset

tech/a

No Ordinary Duck

pavilion103

tech/a

No Ordinary Duck

pavilion103

Jewels

RP_Automotive

RP_Automotive

hangseng

Gong Xi Fa Cai

RP_Automotive

Lootius

notting

skc

Goldmember

notting

notting

skc

Goldmember

Garpal Gumnut

Ross Island Hotel

Garpal Gumnut

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SDL - Sundance Resources

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