SDL - Sundance Resources

totally agree.

if i wasnt sitting at a loss i would certainly make my money work for me in some other stock. long-term i think there is a lot going for SDL but in the short-term i feel like i need to move on?

Yup, my sentiment exactly. I stupidly went overweight into SDL - selling out of GBG and getting in around 70c or so.

I agree that long term based on the info we have it looks a good hold but it seems to have pretty good support at this 50c or so level and looks likely to meander around here until some drillig results are released , which based on the AGM info looks to be in the first half of 2008.

They seem to be moving awfully slowly and yes perhaps its one where you could sell now....take the cgt loss on it - use that capital for something with better short term prospects and look to re-enter at another time.

Is the 2nd worst performing share in my motley crew!

yeehhh. i thought of doing that but then i noticed increased volumes today going up - obviously due to the confidence in the market generally.

good point though about taking the CGT loss and doing something else with the money while the SDL SP figures out what it wants to do.

today was a solid rejection of lower prices! the chart seems to be developing a cup-like figure which indicates a possible breakout once again to retest the highs (at least of 0.6). the MACD is still strong even though the SP keeps going up and down!!!

it seems there was someone in the past couple of days who had a lot and was desperate to sell. I noticed someone with a 2 million plus sell order hanging around in a very obvious way???

i thought of putting some into JMS that has drill results comming out this months but i keep noticing the SP going down!!!!

go SDL I say - still bullish (i think).

The buyers for SDL have been a bit shy after seeing it get shot down after hitting 60c when Goldman Sachs gave the stock a target of 70c, hopefully these speculators are getting bored and starting to thin out as the selling has been ongoing for weeks, what I have noticed in the last few days and especially today, the buyers are placing their orders at 4pm, if you click on todays trades, thats if you have that feature you will see the orders that have gone through at 4.10pm, I think it was about 2 million shares bought.
Day traders and speculators don't buy on a Friday at 4pm, they sell.
If the 1 billion tons is there it looks like it could be 3 seperate hematite deposits, hopefully early 2008 we will know.

Haven't posted here for a while so time to put the 2c in...

Bottom line for me is that nothing much has changed. So if there was a reason for the SP to rise towards 80 in the past, then the reasons are still basically there for it to happen again. But the next set of results are critical, we seem to have been promised them for a long long time. Early 2008 could still mean we are waiting a few months yet for them as well.

But the good news is that Talbot is still buying and that can't be overlooked. I also feel that there are a lot of people who got into SDL when the price was peaking (hindsight is a wonderful thing!) and there has been a lot of exiting of those positions when there have clearly been better things to put the cash into. We still seem to have a lot of sellers floating around that are stopping the SP from moving forwards and the rapid march to 60c last week just flushed a lot of them out early I think.

Long term, I'm very keen on SDL. Unless there is major Cameroon government resistance, once the resource is defined, then we really have a goer because the will to do it is strong. I first starting accumulating SDL when it was in the 20s and have continued to buy all the way through into the 60s on the way up, and have bought more on the slide downwards from there. I'm still in the black but am betting a lot on this one coming off next year.

Remember what an additional billion tonnes did for FMG???? Can't wait for that to happen here.

to be honest i have been surprised at the selling pressure in the past few weeks between 0.465 - 0.5.

i noticed that on thursday and friday most of the sales were very large which means that someone with bigger holdings was getting frustrated and leaving.

alternatively, it is all those options that have been exercised and the ownders are now selling to get some cash.

buying interest really increased on friday towards the end of the day with a couple of 1 million plus buys - could be a sign that others think that the selling pressure might have finished.

it seems that 300 mt is our first and next stop. management seem to be very confident in inestors putting money into west africa. i am guessing that infrastructure funds will come from a joint venture !!

Hi
I do not know which site shows the trading was done after the market was closed. It would be of interest many of us if you please send a link.
In Bell Potters site they provide the volume but do not probably show any after hours trading. Commsec does not show any thing.

Any way I thought to provide you some extract from an advertisement. Though it does not say about SDL knowing the head hunter and the nature of description I know it will be for SDL . Why should SDL advertise for a GM unless they are seriously moving into project execution ? Only a few weeks back as I reported in this column they have advertised for a senior project management role through the same head hunter ? This time they tried to keep the name of company secret Bad news is the BFS is scheduled to be completed by the end of 2008 and add delay factor of 4 months!!
Any way judge yourself and make inference. I can mention one thing though SDL appears to be very organised even they are small.
In FMG they never appointed any such roles still going strong.

Regards

Miner


Job Description
General Manager Infrastructure - Perth

www.miningemployment.com.au

Our clients exciting new Iron Ore Project located in Cameroon on the Guinea Coast Central Africa is currently seeking the services of an experienced General Manager Infrastructure for their Perth Western Australia Office, reporting to the Chief Executive Officer this position is offered on a permanent residential basis with some site visits required.

Responsibilities of this role are:

• Responsibility for all infrastructure aspects of the project to completion of a Bankable Feasibility Study by end 2008.
• Major rail and port development works.
• Direction and supervision of project staff, consultants.
• Site investigations & financial assessment.

Requirements of this role are:
An engineering qualification in a relevant discipline.
Minimum of fifteen years experience in major project development and operations. Extensive experience in managing feasibility work through to financial close, including engineering; development of capex and opex budgets; procurement, tendering and development of contracting strategies, and project financing.
Iron ore experience is essential with experience in resources development in Africa or other developing country exposure preferred.
Particular expertise in rail and/or port infrastructure is essential.

This position will appeal to candidates seeking a challenge and career development opportunities in a major, overseas start-up project. The ability to train and motivate support staff is key and previous expatriate experience, particularly in Africa will be highly regarded. French-speaking capability will be an advantage. Strong interpersonal skills and an awareness and commitment to OH&S and environmental principles are required. Attractive remuneration packages, including health insurance benefits, will be negotiated with the successful candidate

Hi! Miner,

thanks for the advertising? that is most interesting and very supportive of their belief in having at least 500mt to make the project work.

i use http://www.stocknessmonster.com/ to see trades. it is delayed during the day but at the end of the day it gives you good readings of trades that happened.

nikki said:

Hi! Miner,

thanks for the advertising? that is most interesting and very supportive of their belief in having at least 500mt to make the project work.

i use http://www.stocknessmonster.com/ to see trades. it is delayed during the day but at the end of the day it gives you good readings of trades that happened.

Click to expand...

Thanks Nikki. I was not advertising the job ad . It was rather bringing people awareness on tangible matters by putting the advertisement.'
I realise reading your note on the hindsight I actually did a favour to the headhunter to a good forum and it was inadvertently done.

Regards

Miner said:

Thanks Nikki. I was not advertising the job ad . It was rather bringing people awareness on tangible matters by putting the advertisement.'
I realise reading your note on the hindsight I actually did a favour to the headhunter to a good forum and it was inadvertently done.

Regards

Click to expand...

hmmm - i should have said thanks for bringing the idea to our attention. i do not know anyone in the mining industry

SDL willl be part of the ASX200 from this Friday. Greater exposure to institutional investors should provide good support for the share price and further interest into the future. Continuing to hold.

As I remember SDL made it to ASX 300 not too long ago and still it does nothing for the SP... Don't know if the new promotion will help...skeptical

This could be a launching pad for SDL. A Symmetry Triangle setting up just ahead of the ASX200 listing. If they get a flood gate of Buyers then we should see an explosive move to the upside (IMO). The stock momentum is also starting to turn its head to the upside.

Disclosure: I am a holder of this stock as of today, entered at $0.5.

I agree bugga. looks ready for another move.
I have traded SDL 3 times in the last 8 months and made between 25 and 80% each time. Got back in today at .495 at the close.

I think its the All Australia 200 not the ASX S&P 200 which SDL is going into

Dah dah dah dah dah dah

bvbfan said:

I think its the All Australia 200 not the ASX S&P 200 which SDL is going into

Dah dah dah dah dah dah

Click to expand...

Yes, you are absolutely right! SDL is entering the All Australian 200 and not the ASX200. I read the announcement incorrectly. Apologies.

what's the difference between the All Australian and the S&P ASX 200?

do fund managers follow one and not the other?

The All Australian 200 only includes Australian companies whereas the S&PASX200 includes the top 200 ASX-listed companies by market cap regardless of where they are domiciled. The S&PASX200 is included in more funds than the AA200.

If an Australian company is in the AA200 but not in the S&P200 and if its market cap is rising then sooner or later it will get into the S&P200.

I've also jumped into SDL today. That triangle has run its course now so it seems like a very solid entry at this point in time. On Monday we will see which trendline remains intact. Both look like solid trends but one has to fail. If we hadn't dropped back at the close I would have said the uptrend had already won but that fall back at the death keeps the downtrend in with a chance. Tight stops if the downtrend wins

the close today surprised me because the average VWAP was 50.5.

selling volume has been huge given how long its been consolidating at this level.

there was some large buyers today which took the SP up - interestingly lots of small sellers getting rid of their stocks!!

i.e. i wonder if smaller traders are ignoring the potential of an upwards move and larger traders are seing otherwise.

slow stochastic is about to cross but the fast one is telling me sell??? what does that mean? the RSI is weak but the MACD is moving up. this is positive i think!

next week will be interesting!!