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SDL - Sundance Resources

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daggs said:
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.
Click to expand...

Déjà Vu,

I got in at .495 at todays close

Come on Baby, Pappa needs a new diamond encrusted cardboard house to sleep in when it all goes belly up!

 
tronic72 said:
Déjà Vu,

I got in at .495 at todays close

Come on Baby, Pappa needs a new diamond encrusted cardboard house to sleep in when it all goes belly up!

Click to expand...

what stock did you buy - sdl closed @ 0.485 just above resistance?

i am begining to really dislike this stock on technical terms - will it ever get out of its 0.48 - 0.52 range?
 
Not much point getting angry at the Market. For the record I made my trade just prior to closing, hence the difference between my purchase price and the closing price.

 
nikki said:
what stock did you buy - sdl closed @ 0.485 just above resistance?

i am begining to really dislike this stock on technical terms - will it ever get out of its 0.48 - 0.52 range?
Click to expand...


As an SDL holder myself who bought more than I should have I feel your pain - but really until that drilling is done why really would it move anywhere?

Personally I'm happy its found rocksolid support at these levels - as I was close to cutting my losses with it, having bought in at *gulp*...77c.

I just wish they'd get this drilling done and get the mammoth project that it could be really running.

Great time to buy in now for folks - but others can only be patient or top up if you're very confident.
 
http://au.biz.yahoo.com/071122/19/1hxex.html

"0101 GMT

* West African iron ore prospector Sundance Resources Ltd (ASX: SDL.ax) rose 4.3 percent to A$0.49.

Goldman Sachs JBWere initiated coverage on the company with a buy rating and a 12-month price target of A$0.70, citing a favourable outlook for the iron ore market."
 
not sure I should happy or annoyed about this news.

70 cents!!!! in 12 months?????? that just mean we all stuck in this **** for YEARS!

then again, if Goldman Sachs JBWere mentioned SDL... this might bring in some new buyers...

...
The broker that told me SDL will hit $1 by the end of the year should be fired.
 
IMO any African project carries a huge amount of risk.

I dont know too much about SDL but it appears to me that they seem to be more about looking after management and major holders, if i remember correctly they have a heap of options on issue for those sorts of people.

Also lets not forget how far off this project actually is from production and peer comparisons of market caps.

On a positive note, brokers like Goldman etc usually always have a conservative target.
 
I can understand the holders who bought in at the higher share prices to be a bit worried but all in all there is no reason for this share price to move very far as there is nothing really to drive the stock very far atm.

You can find a copy of the JBWere recommendation on the companies web site or here
 
I think the people who are complaining about SDL simply aren't aware of the huge scope of the project. Do you guys have any idea how big this mine will be when it's completed???? We are talking about a company that could be turning over over a billion dollars in half a decade.

Have you read the GS review? It states more than once that the company is for those who want to to be exposed to a High Risk / High reward company. Do you really think it's that easy to double or triple your money without risk?

Patience people.
 
Key word there tronic is could.

I also think that half a decade is overly ambitious. Due to labour (which is somewhat negated by being in Africa), drilling, equipment etc shortages i seriously think they will struggle to be a producer within 5 years.

10 years maybe, but as i said i dont know the co very well.

Just keeping it real (ish)
 

prawn, i'm not sure if you have read the report yet but the brokers have factored in a very conservative approach for everything so i think the report is a very realistic case scenario.

I should state that i am not a holder, YET, as i feel there MIGHT be a little more downside and would like to buy into the stock, obviously, at a lower price if possible.

Imo, the main risk in the SHORT term is the next drilling results.
If they are positive i believe the stock will be revalued and this is also the brokers views, which say a lot more than some guy on the internet
 
I can find many 'guys on the net' that have a better record than brokers.

Im not saying this is a bad stock, im just trying to add some realism. You should know that from your name

I dont know if a drilling result will cause a revaluation, i guess it depends on how many holes, and if it is accompanied with a JORC release. One also has to take into account how much the stock has risen in the past year, as this might make some people wary. But it sure would have been a nice return if you held from a year ago
 

You may have misunderstood me but that "guy on the net" i was talking about, was me, not you.

I understand your point about keeping things in perspective but i also feel that the brokers have done that job very well.
 
I wasnt talking about me either, my track record is average to say the least.

I think brokers reports are ok, but certainly not the be all and end all. Definetly a good place to start though
 
problem is that SDL has a lot of potential (possibly huge deposit) but only have half a dozen drill holes to "verify" this so this adds to risk.

The projects requires a LONG rail line to be built. and thus lots of $ to pay for it.. can they get the money without issuing a gazillion new shares?

The project is not far from countries that are unstable... more risk

risk adds to uncertainty and this discounts the SP.

but SDL are already valued at 900M.. at 50c

imo there are better opportunities for making $ out there in the current resource boom...
 
Not sure how many of us have read the report in weekend newspaper today about one Mr Ken Talbot who reportedly bribed $300K to a Qld Mininster.
Interesting story there.

Regards
 
Just to add to my previous post : the newspaper is Weekend Australian. The heading "No Cash Left for a lawyer - Nuttall". Gordon Nuttall is the ex Qld Minister facinig corruption charges over secret payments received from two business identities .... Mining magnet Ken Talbot and company director Harold Shand.

We the SDL holders shoudl not fear . The investment interest for SDL is in Africa and nothing moves in some part of that world unless you pay ádmininstrative expenses' to get the ball rolling in your favour.
If Nuttall can be bribed in Australia there would be bigger Nuttals in Africa who could follow without being prosecuted.
So bottom line where is our investment and how that looks in next 6 months.

Regards
 
Are you sure we shouldn't fear? I'm balls-deep in SDL and the prices are just plummetting.... getting very scared right now... I'm new to this so it's my biggest loss so far... Anyone offer any thoughts to ease my mind? thanks
 
Market is way down, people wanting cash + stop losses being hit - that is one of the possible explanations....
 
J.C. said:
Are you sure we shouldn't fear? I'm balls-deep in SDL and the prices are just plummetting.... getting very scared right now... I'm new to this so it's my biggest loss so far... Anyone offer any thoughts to ease my mind? thanks
Click to expand...

I'm eating my words here (see previous post). I've sold all my holdings in SDL (and all other stocks). I'm seeing some bumpy times ahead. Took a 10% lost of SDL but if I hadn't sold on Friday it would have been nearly 20%

What's your currently loss on SDL J.C.? If you can absorb the loss and preserve much of your capital then I'd jump ship. If you can't then you'll have to hang on. I don't doubt that SDL will turn around. My advice is, if you choose to hang on for the ride, turn your computer off and wait for some positive news on TV, otherwise you'll give yourself an ulcer.
 
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