Australian (ASX) Stock Market Forum

SDL - Sundance Resources

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Yes the risk has not change.. that 's why we seeing SP back to 49 - 52 range.. pre merger talk..

I agree that the company have too much to offer in long term and it will be worth waiting (3 more years)

BUT the management has not been very forth coming with positive news or any news infact that is relating to the mining exploration...ALL we seeing are rather useless news such ... shares issues and bla bla bla

Where are the damn drilling results???????? Surely by now smart management should be doing something to bolster invester moral..

IMHO the waiting games has become a bit taxing even for the most loyal investers. people start to wonder why they keep their monies in SDL while they can invest in stock such as MHL and RAU..

---
 
vjindal said:
I feel that stock should bottom out very soon and should resume upward march if the company can come up with +ve drilling results . I am still confident that it will trade around $1k by end of next year.
Click to expand...

Mate :eek::eek: $1k :eek::eek: I'm in for everything I've got :D That would make me a multi millionaire
 
Does anyone know when is this JORC resource report expected to hit the markets? I was under the impression that it would be out around late Novemeber, is that correct?
 
I agree with INsidetrader.
It was only few months ago SDL was looking for Project Manager to take up the BFS. They moved the Worley Parsons team from FMG to SDL in about Sept.
Now they are reinforcing their project team. These are TELL TALE signs that SDL is going to hit with a bang. THeir senior management team has just returned from Africa.

So we are getting some news in mid Jan : bad or good unless done earlier.

Regards
 
You will have to be patient with SDL for a bit longer as the huge volumes going on the stock a few weeks ago were speculators looking for a fast buck, the selling is still going on and won't stop untill these traders are out of it, the stock seems to be holding up to the selling staying around 48-51.
Don't follow the dumb sheep, this is the time to buy more,
If you read the last report they are fast tracking their drilling by bringing in another rig to confirm the 1 billion tons, they have also got people studying the railway route and port and once operational will interest other miners in that area and will become a big asset.
AS already mentioned the director bought another 1 million shares, SDL is also heavily backed in Europe.
Once the resource is confirmed companies could buy up large and hold which could put a demand on the stock, then your guess is good as mine how far the stock will go.
 
G'day, long time reader, first time poster.

Any one know why Loxton Investment Trust is bailing? and can anyone read the figure in the attached "Notice of ceasing to be a substantial holder" letter from Loxton? Could be 10.9, 14.9, 70.9, or 74.9. After reviewing the Annual Company Report 2007, i'm assuming it is 10.9Mill as Loxton appear to hold 12,000,000 shares. I guess on those figures, it is at least heartening to see that they didn't pull right out.

Will it have a further effect on SP besides the last few days? Are other big holders likely to follow?

Cheers,
SPC
 

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spc_75 said:
G'day, long time reader, first time poster.

Any one know why Loxton Investment Trust is bailing? and can anyone read the figure in the attached "Notice of ceasing to be a substantial holder" letter from Loxton? Could be 10.9, 14.9, 70.9, or 74.9. After reviewing the Annual Company Report 2007, i'm assuming it is 10.9Mill as Loxton appear to hold 12,000,000 shares. I guess on those figures, it is at least heartening to see that they didn't pull right out.

Will it have a further effect on SP besides the last few days? Are other big holders likely to follow?

Cheers,
SPC
Click to expand...

SPC,

i do not think it is clear at all what has happened. the figure is 74.9 which is the amount Loxton has? i was actually wondering whether the release of the escrow diluted their holdings or perhaps someone has been buying lots to kick them out of substantial holder position????

initially i thought they had been selling out - explaining the huge selling force in the past few week.

i think someone on hotcopper has emailed management to get views on this strange annoucement.

to be honest, i am more concerned with sdl falling bellow its 200 DMA than whether Loxton has sold or not?
 
great news

DJ Sundance Resources Started At Buy By Goldman Sachs JBWere.

I am sure SDL will turn this into an announcement. Goldman Sachs have Hold on Mount Gibson.
 
--B-- said:
what do you think this means for shareholders, nikki?

is this a good or bad thing for the share price?
Click to expand...

It is a good thing B. Thanks to Pecora for this:

0907 [Dow Jones] STOCK CALL: Goldman Sachs JBWere initiates coverage of Sundance Resources (SDL.AU) with a buy rating on potential of its Cameroon iron ore project. Says Sundance is high risk high reward but, "should the project be developed, its potential size and scale create a very attractive iron ore company." Target price set at 70 cents; last trade of 47 cents. (APW)
 
Personally, I would rather invest in Giralia. It has a target DSO of +1 billion tonne on only one of their tenements (200 kms from existing rail). They have others deposits as well. At least giralia is in Australia and less distance to build rail line etc than Sundance, with a much lower market cap! IMO...DYOR
 
what's everyone thought on the AGM results...

nothing new or exciting came out of it.......

anyone know if any drilling due in near future or the company will be in idle mode till next year?

Ta
 
They've been drilling for several months now, I would've thought they'd have some details to shed...... rather then just the:

"When I visited Mbalam earlier this year I was particularly impressed by the quality and extent of the surface hematite mineralization over the initial Mbarga exploration area, which represents just one of several targets with some 36km of prospective iron-bearing formation identified within our permit area."

"I expect to be in a position to announce an initial Inferred Resource for the Mbarga prospect in the first part of next year."

Looks like we'll be waiting until early next year for some hint of progress. Patience required I guess Risky. :(
 

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