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- 2 May 2007
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What are the chance of a new bidder coming into that race and pushing up the SP price? I am thinking that still could be an option as SDL on paper is worth more than FMG
Hey Fab, what do you mean SDL is worth more than FMG on paper - do you mean total potential production?
I think FMG has less than 300million shares on issue whereas sundance has over 1.8 Billion, so you have to take that into scale with your comparisons of share price.
Also I believe FMG is aiming for 40MTPA production starting next year, whereas it will take a long time for SDL/GBG to reach that much - both locations well and truly up and running.
P.S I hold a large amount of both SDL/GBG
what is going on
anyone have any ideas why sdl is getting dumped with high volumes when gbg is now at least 6 cents aways from 2xsdl.
some big fish must be getting impatient or needs to pay for a diamond ring and they are trying to exist!!
I have put an order for (SDL) in the market at $0.72. I really like this set up. It is currently in a Wave 4 corrective mode and the $0.71-$0.72 level coincides with a cluster of reversal levels. The 38.2% level is here and also the wave eqaulity for wave c is also here. The thing that really stands out though is the lack of volume in this wave 4, a very good sign!
yeah thats what i thought Nikki.
thanks for the response. hopefully this doesnt impact the SP too dramatically..
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