well that was tidy, up to 19c and 23 mill in vol. got 2c out of 3c with 2 trades (one overnight). Looks like 19c may have been the high, see what the afternoon brings.
SDL - Sundance Resources
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well that was tidy, up to 19c and 23 mill in vol. got 2c out of 3c with 2 trades (one overnight). Looks like 19c may have been the high, see what the afternoon brings.
0.20 is more the resistance point. Any reasons why this one is flying today ?
There is a lot of buying and not much selling I have to say, this is looking pretty good
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0.20 is more the resistance point. Any reasons why this one is flying today ?
There is a lot of buying and not much selling I have to say, this is looking pretty good
It will going to 25 soon according to RM capital report.
SDL start drilling early April.
How much quantity do you hold FAB?
I have 100 000 that I bought at 0.13. Already a very nice profit. Can you post the article from RM capital report
Sean K
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It was a Nov 06 report so it's a little outdated maybe. Not sure if anything has changed since then. Maybe it's outlook has improved? Or declined?
http://www.sundanceresources.com.au/documents/news/00182_SDL_RM RESEARCH_15_11_2006 (2).pdf
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Hi Fab,
Kennas already posted for you.
Tabbot company just accumulate from market SDL average price 0.135
George Jones he already received a few meeting with china, what i think price will going up trend, as day by day seller disappeared and more buyer coming up to support.
By the end of this year will complete feasibility study, next year will more excited moment for sdl
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SDL could be looking to head higher. Good volume so far today 23mil (on the back of an open breifing annoucement).
The resistance is .195, if .20 gets hit then we could be looking at an outstanding breakout. However .195 is the hurdle at the moment. Support is at .16/.165
Chart below.
The resistance is .195, if .20 gets hit then we could be looking at an outstanding breakout. However .195 is the hurdle at the moment. Support is at .16/.165
Chart below.
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Hi Fab,
Yep it's looking good..... .20 must hold though. I'd like to see even more volume, hopefully we'll see 50mil plus by the close. If it can close near the intraday high then it will setup for a strong day tomorrow.
Yep it's looking good..... .20 must hold though. I'd like to see even more volume, hopefully we'll see 50mil plus by the close. If it can close near the intraday high then it will setup for a strong day tomorrow.
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SDL chart looking good. MACD has crossed over, RSI looks to have broken a downward trend.
A good close on .21.... Volume pretty good, I was thinking we may surpass yesterdays's volume of 53mil and really explode out (with buyers tripping over each other to get in) but that wasn't really the case. However the chart looks good. Any trading above today's intraday high of .215 will signal higher highs!!!
A good close on .21.... Volume pretty good, I was thinking we may surpass yesterdays's volume of 53mil and really explode out (with buyers tripping over each other to get in) but that wasn't really the case. However the chart looks good. Any trading above today's intraday high of .215 will signal higher highs!!!
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I did mention this share good to buy when it was 8 cents. Alot of people think this share is crap. Now time to pay back. Keep holding everyone.
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Stock just seems to be consolidating for the time being. A close below .24 would be bearish in the short term. A close above .26 would be bullish.
MACD has just crossed over and has a bit of a bearish tone to it.
Bit of a waiting game with this one for the time being...........hopefully it will be worth the wait. A few positive drilling annoucements wouldn't hurt either.
MACD has just crossed over and has a bit of a bearish tone to it.
Bit of a waiting game with this one for the time being...........hopefully it will be worth the wait. A few positive drilling annoucements wouldn't hurt either.
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why ppl crazy about this one? Do I miss something?
I agree it has large valuable resource in Africa.
but it is more difficulty than LAF to actually get the result.
The railway building is not that easy. the finance, the land, the skilled labor, etc etc.
The time is another question. when SDL ready to export? what the iron ore price will be at that time? So much uncertainty.
But some ppl seriously like it, just like aar.
I agree it has large valuable resource in Africa.
but it is more difficulty than LAF to actually get the result.
The railway building is not that easy. the finance, the land, the skilled labor, etc etc.
The time is another question. when SDL ready to export? what the iron ore price will be at that time? So much uncertainty.
But some ppl seriously like it, just like aar.
What is a ppl ? I love SDL too. It is going up and up and up at the moment and does not seem to want to stop
Just look at the fmg story, people kept saying they can't do that, they can't do this.....etc Just look at it now. 10 odd cents to 40 dollar highs in a couple of years. Whilst you have to look at market cap and the number of shares on offer, if you look at the bigger picture its not hard to see why people are keen to have a punt on it.
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Haven't really done too much in the way of Fundamental/A on this one ta2693 (i.e. none).... I've just been using the charts to trade SDL, however something is driving the price on this one
But you raise some valid questions ta2693. I guess we'll have to wait see on that side of the equation.
The chart however...... Looks pretty good. Previous high of .285 was surpassed today and a new high of .30 was achieved on 46mil of volume. Closed on the new high which is a strong sign. MACD looks to be crossing over to the bullish side again. Hopefully the US will have a strong session tonight (or at least not too bearish) and we'll hopefully have another strong bullish session on SDL tomorrow.
Cheers
Peakey
But you raise some valid questions ta2693. I guess we'll have to wait see on that side of the equation.
The chart however...... Looks pretty good. Previous high of .285 was surpassed today and a new high of .30 was achieved on 46mil of volume. Closed on the new high which is a strong sign. MACD looks to be crossing over to the bullish side again. Hopefully the US will have a strong session tonight (or at least not too bearish) and we'll hopefully have another strong bullish session on SDL tomorrow.
Cheers
Peakey
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I see a basic story unfolding here which explains things in my mind about how the company's share price has evolved.
1. Economic expansion in China and India is continuing and expected to be a long term expansion.
2. New developments are coming, but the supply side is needing to keep up with demand. This creates price and supply pressure.
3. China needs to ensure its own economic future free of US interference - just look at the situation with oil and how the US are seeking to control the Middle East oil supplies with their foreign policy. This is not a good strategic outcome for China, so the same can occur in other key areas, like iron and coal.
4. The Chinese basic strategy is to buy and take interests in new developments, in part to stop the major players from ensuring massive price rises. Buying an interest also ensures supply, despite the cost. Its a risk minimisation strategy to ensure their economic freedom.
5. The Chinese have invested in Africa strongly and so SDL in on their radar. To the south of SDL is another major Iron play with the Chinese involved.
6. Whilst SDL is in its infancy, it is possibly a FMG of five years ago.
7. The new Board with George Jones has overcome a serious credability problem and Mr Jones is well known to the Chinese via Portman Mining which he was a very significant player in.
8. The outcome of seeing the first bit of dirt shipped is achievable. If FMG can do it, then there is no doubt that SDL can. It will take time and major issues will need to be de-risked, however Mr Jones is a very experienced player and I doubt that he would risk his credibility if he thought it was an outrageously poor opportunity.
9. What will happen no one knows, however you seldom come across good projects with this size resource base (albeit unproven at this stage), so I say its worth having a stake and let the story unfold.
Traders are doing themselves a disservice trying to trade and read the charts.
1. Economic expansion in China and India is continuing and expected to be a long term expansion.
2. New developments are coming, but the supply side is needing to keep up with demand. This creates price and supply pressure.
3. China needs to ensure its own economic future free of US interference - just look at the situation with oil and how the US are seeking to control the Middle East oil supplies with their foreign policy. This is not a good strategic outcome for China, so the same can occur in other key areas, like iron and coal.
4. The Chinese basic strategy is to buy and take interests in new developments, in part to stop the major players from ensuring massive price rises. Buying an interest also ensures supply, despite the cost. Its a risk minimisation strategy to ensure their economic freedom.
5. The Chinese have invested in Africa strongly and so SDL in on their radar. To the south of SDL is another major Iron play with the Chinese involved.
6. Whilst SDL is in its infancy, it is possibly a FMG of five years ago.
7. The new Board with George Jones has overcome a serious credability problem and Mr Jones is well known to the Chinese via Portman Mining which he was a very significant player in.
8. The outcome of seeing the first bit of dirt shipped is achievable. If FMG can do it, then there is no doubt that SDL can. It will take time and major issues will need to be de-risked, however Mr Jones is a very experienced player and I doubt that he would risk his credibility if he thought it was an outrageously poor opportunity.
9. What will happen no one knows, however you seldom come across good projects with this size resource base (albeit unproven at this stage), so I say its worth having a stake and let the story unfold.
Traders are doing themselves a disservice trying to trade and read the charts.
I share the same views as you, as long as the chinese and indian economies continue to grow, this is one of the best iron ore plays. Although there needs to be hugh financing issues that need to be solved (US 2.5b), but i believe one of the large chinese mining houses will grab a stake in this project, (2.5b to them is nothing). Possibily RIO might be interest as well.
Miss the boat when this was around 8c..watched it rocket to 17.5c before i got in. touching 40c now
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