SDL - Sundance Resources

[spottygoose]

This is from Risso (on another site) he emailed SDL on Friday:


"Thank you for your email. As I,m sure you are aware the wider Australian market has been quite severely affected by the events in the US regarding the sub-prime lending market and this has had a negative effect on Sundance as well as many other companies.

From an operational perspective nothing has really changed in the past several months. We are continuing with our resource drilling program on the Mbalam project in Cameroon. We have commissioned additional rigs and hope to have those on site and operating in early February. Some drilling results will be contained the December quarterly report due out in late January while we are also still targeting to have some resource estimate released in the first half of this year.

I hope this helps but please feel free to remain in touch."

 

[tronic72]

sundancekid;Thanks for the reply, since the amount I invested wasn't that much (compared to most investors) and in order to get any real return I did take the risk with Sundance knowing with some knowledge of being a speculative stock. If the stock goes back up to around $0.42~$0.50 I will sell otherwise I think i'm in for a long time and not a good time . Hopefully we're not talking years?????

Tronic72,,hopefully you purchased at $0.295 and not $0.395![/QUOTE]

Yup. Purchased 10K worth @ .295

 

[nikki]

sorry to say this everyone, but, i am out of SDL. i am sure i will trade it again but for the moment i am taking my investments out of it. what is happening with the SP is more than just change in sentiment IMO.

someone with a lot of shares must be dumping the stock and i have no idea why? the selling interest is too aggresive and i cannot understand why that might be the case.

sorry! to those of you who are read this thread know that i would not be downramping and please do your own research and do not use my negative sentiment as anything other than my expression of dissappointment in not stopping my losses earlier.

 

[sundancekid]

Lucky stocks can only go to $0.00 otherwise I think this stock would go into the minus :swear: Why oh why!!

 

[mayk]

I just hope it will go back up. I bought it at .8 Then I started accumulating it, at bad times too....

Now I really hate this stock... Some results announcement was due for this stock, does anyone know anything about that.

GBG is recovering strongly today...

 

[hoppielimp]

I'm out too mid 30's....was in between 60-80 cents..decided that maybe with the credit crunch hanging around, lending is going to be thin on the ground and borrowing expensive for explorers.

I am tempted to re-enter, but as nikki said there seems to be selling pressure from somewhere. I will sit on the fence for now and lick my wounds

 

[grubadoo]

In at .26 out at .26

Is it me or does the chart look like the big dipper.

Greed, and anticipation kept me there. Although 0.88 looked like it wasn't enough.

 

[gilbo]

I know it's tough - watching the SP tank to 24c this afternoon was certainly character building - but we should try & remember the reasons for investing in SDL.

There is a real possibility that they are sitting on a significant iron ore deposit and nothing has changed in that regard in the last few weeks (well, at least nothing I'm aware of). It's just in a thin volume, nervous market these sort of stocks get hit hardest.

(At least that's my reason to invest in SDL - can't speak on behalf of any chartists out there!)

Mind you, another afternoon like today might just do me in......!

 

[Lucky_Country]

This is going take along time too repair the damage done too the sp.
Production years away and drilling could take some time but all could be rewarded if patient enough too wait.

 

[Real1ty]

I think the nest batch of Change to holdings announcements is going to determine where the sp goes.

One would have to guess, and that's all it is on my part, that with the amount of downward pressure on the sp at reasonable volume would indicate some quite large holders unloading.(Do they know something you don't?)

Depending on who it is unloading will be important.

They might also include some drilling results in the quarterly reports, due out soonish.

 

[shaunnell]

Say there is a bad news announcement soon, surely the seller could be had up for insider trading? Could he/they be reported to ASIC?

 

[nikki]

i am not sure that one can conclude that today's selling pressure is linked to bad news. i know sdl is behind schedule on a number of things but this would not be reason enough for such a massive sell-off.

it is possible that a couple or more traders have seriously manipulated the stock with shorts and have used the current market sentiments to do this. look at the other iron ore's with less liquidity. they have not been battered in the same way? i.e. not a sector wide phenomena.

i noticed that the buying from .24 - .265 towards the end of the day was just as aggressive as the selling at the beginning of the day. there were around 10 1 million + share purchases in a very short time. it was controlled around the .27 by someone and it did not hammer properly???? it could all be normal trading but ??????

i wonder if this will take SDL off the ASX200. if so, get ready for some more selling???

i know why i got into SDL i still believe in the project but i now have my doubts about a stock that has 1.8 billion shares on offer . look at DMM as a an alternative. it is like watching grass grow and boy does it look greener on the other side.

buy for now?

 

[mayk]

Traditionaly SDL has announced their drilling results etc. in their quaterly reports. So I guess in line with their traditional policy , they will announce some results in two weeks ( when the report is due..).

I think Tablot might be lowering his percentage in the company ( currentlly 19%). We might see a major shareholder change announcement in a day or two. Some speculation is that he might be doing it so that his chinese friends can get chucks of SDL at a lower price. Around 60 million shares were traded yesterday, seems to me big players at work...

G/l to holders

 

[J.C.]

Hi Mayk, do you have a more specific timeframe for the quarterly report? I know you said within 2 weeks but is any more solid info available? thanks!

 

[sundancekid]

Appears to be holding out so far despite real bad results on the Dow. Could this be the turning point?

 

[Goldmann]

Starting watching this thread yesterday when i was searching for info online on why SDL was getting hammered... so yeah, i am new to this forum so hello...

I bought in at .39 (at that stage thought I was getting a bargain) and it has been a nervous couple of days...

However! it seems to have turned the corner briefly.

At 12 noon (in Qld anyway) all ords down 135pts, yet at this stage SDL is up 13% on massive trade (50mil)... every other stock on my watchlist is getting hammered, but SDL is going the other way... would of been good to get some more at 24.5 I am thinking...

Its all very weird though... starting to wonder why I even bought SDL when my tactic of acquiring as many gold stocks as I could was starting to reap rewards... but the upside seemed pretty good, and their seemed alot of support for SDL around .4 previously... not out of the woods yet...

 

[mayk]

Hi Mayk, do you have a more specific timeframe for the quarterly report? I know you said within 2 weeks but is any more solid info available? thanks!


Someone on another forum called SDL and asked them when the report is due they gave him a two week timeframe. You can also give them a call if you want to know the exact date.

 

[wildmanchris]

I was thinking of picking up a parcel when it was at 24 yesterday but decided against it. Havent really followed it at all.

When the merger with GBG went off the boil - the price started heading way down. Was there any other reason that this came down so much?

 

[mayk]

SDL ended in a positive note today. It is good news, I guess people have started to realize the potential in this stock. In a falling market this kind of rise shows strength. It also predicts some good results in the quaterly reports.

Or I can be entirely wrong and it might be one last sucker rally on its way down to .17 support level ( I hope it never goes there or I will be complete broke....). If the rise continues tomorrow then we might expect some good news in the report. But I don't think in current bear market good results will have a strong impact. We can wait and see..


On a side note GBG struggled to keep up with its yesterday's recovery. I hope this does not happen with SDL , as this stock is also clouded with geo-political consideration and gets hammered more than GBG (Or anyother local iron ore player.) If there will be one more green day in the next two days it might also indicate a potential breakout ( though highly unlikely in current scenario..)

 

[Goldmann]

Well - all of us holding will atleast rest a little easier tonight knowing that it didnt drop another 10% today... espcially with the market being smashed...

it was the only green light in a sea of red for me today..... gold stocks took a particular beating... but tomorrow is a new day...