SDL - Sundance Resources
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Why do you think this?? The merger details have not been finalised as yet? This could be the final merger doc.
Cheers
well as i said it was only my first instincts. im very new to share trading and have no prior experience with such things.
going off the original merger proposal, nothing re: merger was apparently supposed to happen until December.
--B-- modestly claims to be a beginner in the share trading and investment area, but displays some canny insight into the likely moves afoot re the SDL-GBG merger.
The reaction to the proposal from GBG holders, other than directors common to both companies, has been almost 100% negative. They don't like the idea of possibly funding a small deposit (by WA standards), in West Africa, a long, long way from the coast.
Could this be a capitulation by the GBG board, responding to their shareholders, and pulling the plug on the merger?
The reaction to the proposal from GBG holders, other than directors common to both companies, has been almost 100% negative. They don't like the idea of possibly funding a small deposit (by WA standards), in West Africa, a long, long way from the coast.
Could this be a capitulation by the GBG board, responding to their shareholders, and pulling the plug on the merger?
what!! do you know something about gbg shareholders that we dont?
small deposit - the prefeasibility has yet to be completed. how is it small compared to what gbg itself has???
perhaps the annoucement relates to due diligence completed by gbg; major shareholder approval, etc. who knows?
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Can somebody explain to me why, at the end of trading today GBG Bid price is 1.6 and SDL Bid price is 0.8? 2 for 1 at the starting gates?
First off whats all this talk about gbg not wanting to be involved in something small in WA standards? Have you forgotten that SDL dwarfs GBG in size and projects?
And there is unlikely to be any talk of the merger not going through since the CEO sits on the boards of both GBG and SDL. I can only speculate whats going to be announced, but lets hope its all good news.
And there is unlikely to be any talk of the merger not going through since the CEO sits on the boards of both GBG and SDL. I can only speculate whats going to be announced, but lets hope its all good news.
Can somebody explain to me why, at the end of trading today GBG Bid price is 1.6 and SDL Bid price is 0.8? 2 for 1 at the starting gates?
In the outline proposal for the merger between the two companies SDL share holders get 1 GBG share for every 2 SDL shares they own. Hence why the bid price is exactly double.
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If we follow the down trend share price of both GBG and SDL tells some negative vibe.
At one time when the world was sagging then there was a heavy trading to hold SDL at above 40 cents.
Now teh volume of trade is significantly lower.
Normally we have seen the share prices rose very high before a good announcement.
Probably the announcement will be getting a bad drilling result as some one has already hinted.
Let us see
Regards
At one time when the world was sagging then there was a heavy trading to hold SDL at above 40 cents.
Now teh volume of trade is significantly lower.
Normally we have seen the share prices rose very high before a good announcement.
Probably the announcement will be getting a bad drilling result as some one has already hinted.
Let us see
Regards
Not quite like that, sometimes good news comes out to stop the SP drops further.
I think there is good news coming out. maybe a better offer from GBG ????
Nikki and Djayness, we all hope that Mbalan will ultimately prove to be a large deposit. However, at the moment, the stated estimate is 800 million tonnes. As I pointed out, this is not large by WA standards, with half-a-dozen companies having deposits of that scale or larger. As well as RIO, BHP and Fortescue, there is CITIC Pacific, Cape Lambert, Australasian Resources, not to mention GBG, all with reserves well over the billion tonne mark.
You asked about GBG's current position. The latest published figure for the Karara deposit is 1.4 B tonnes, with Lodestone described as "slightly smaller". In the light of these facts, is it really reasonable to claim that "SDL dwarfs GBG in size and projects"?
As far as the sentiments of GBG holders are concerned, I don't profess any deep insight into their psyche. But the simple truth is that opinions expressed in the various forums are running overwhelmingly against the merger.
Cheers, Serendip
You asked about GBG's current position. The latest published figure for the Karara deposit is 1.4 B tonnes, with Lodestone described as "slightly smaller". In the light of these facts, is it really reasonable to claim that "SDL dwarfs GBG in size and projects"?
As far as the sentiments of GBG holders are concerned, I don't profess any deep insight into their psyche. But the simple truth is that opinions expressed in the various forums are running overwhelmingly against the merger.
Cheers, Serendip
Well..firstly GBG's 1.4B tonnes is MAGNETITE!!!..while SDL's 800m tonnes is HEMATITE!!..BIG difference.
"SDL dwarfs GBG in size and projects"..i dont think so...SDL is targeting a 35MTPA operation producing hematite ore with a possible resource of +1B tonnes...while GBG is targeting a 2MTPA hematite operation with 27m tonnes..yr 2 maths says this is a BIG difference.
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Will this mean that the George jones position on either company under scrutiny? Since his Big plan to merge both companies failed. .. Comments???
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in SHort and simple term
hematite contain Low FE compare to magnatite.. Meaning less valuable.
Scientific term
hematite iron(III) oxide, Fe2O3,
magnatite iron(II,III) oxide, Fe3O4
hematite contain Low FE compare to magnatite.. Meaning less valuable.
Scientific term
hematite iron(III) oxide, Fe2O3,
magnatite iron(II,III) oxide, Fe3O4
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