SDL - Sundance Resources

lioness said:

All I can do is laugh at this post. Throw a bucket of water on yourself and scream 'AHHHH, I am melting, I am melting' HAAHAHAHAH

Click to expand...

Hi lioness, sounds like you are a huge doubter of SDL. Could you provide some rhyme or reason for this post?

lioness said:

All I can do is laugh at this post. Throw a bucket of water on yourself and scream 'AHHHH, I am melting, I am melting' HAAHAHAHAH

Click to expand...

Huh?..

I don't get it either, care to enlighten us with your viewpoint here lioness? At least LRG told us where he stood.

jman

Interesting article
Just couple of paragraphs but link provided for whole article
They are saying that there is approx 567 million Tons of DSO ( the Cameroon Gov that is)
This means that if its true SDL could be shipping DSO for 19 years @ 30 million Tons Year before they even start on the ITABRITE
There is more than we are being told at the moment about this project .
If this comes out as an announcement we are going to have one hell of a ride




UPDATE 3-INTERVIEW-Cameroon targets $10 bln mines investment
(Adds details of new port in pars 16 and 17)

By Tansa Musa

YAOUNDE, July 25 (Reuters) - Cameroon is luring a flood of new mining investors who it hopes will invest over $10 billion and create over 27,000 jobs in the central African nation over the next few years, a top mines ministry official said.

Rich in minerals -- including bauxite, iron ore, cobalt, nickle and uranium -- but long troubled by poor infrastructure, red tape and costly corruption, Cameroon is now attracting the attention of some major new companies.

They are spurred on by soaring global commodity prices and friendly mining legislation offering tax holidays in country. The government says the 63 mining exploration permits it has handed out over two years are proof of the levels of interest.

"With all these, the Ministry of Industry, Mines and Technological Development estimates foreign direct investments in the sector in the next few years to stand at some 4,377 billion CFA francs ($10.46 billion)," said Oscar Matip, the ministry's director of mines and geology.

Although Cameroon has no history of iron ore mining, Australia's Sundance Resources Ltd (SDL.AX

Company overview
Real-time quote
SDL.AX , 0.260, +0.010, +4%) has an exploration permit for the Mbalam deposits which the ministry believes may contain 567 million tonnes of ore with a 60 percent iron content.

Meanhwile, Nu Energy Corporation Cameroon, a 92 percent subsidiary of Canada's Mega Uranium Ltd, is exploring for uranium at two sites in the north and south of the country.

Major constraints in electricity supply, transport within the country and shipping products abroad are being tackled by major new port, hydro and railway projects totalling hundreds of millions of dollars, Matip said.

The government announced the latest of these -- a planned deep sea port in the south-western town of Limbe by South Korea's Korean Port Engineering Company -- on Friday.

A three-month feasibility study has begun and, if it goes ahead, the 200 billion CFA franc development will serve not only Cameroon but also its landlocked neighbours, it said. (Writing by David Lewis; Editing by Alistair Thomson and Anthony Barker)



http://money.ninemsn.com.au/article.aspx?id=603995

http://www.egoli.com.au/epiServer/Templates/Public/Pages/StoryArticle.aspx?id=33615

Please read the report as per above link by Shaw brokers and following is the extract

SDL has 90% of JORC compliant inferred iron ore resources containing 1.2bt of Itabirite (38%Fe) in addition to 200mt of Direct Shipping Ore (DSO) in Cameroon (60%Fe).

Management is currently planning for production at a rate of 35mtpa of DSO from 2012 with a forecast FOB cost of less than US$25/t (Feb08).
With it’s project potentially at the lower end of the cash cost curve, SDL could be in a strong position to capitalise on these solid fundamentals.

One of my favourite shares in SDL just nervousness in the market putting any gains on hold for awhile.
Once market confidence returns I expect SDL to profit from an upward swing coupled with good news.

George Jones (non executive director) was involved with a little company called Portman mining in the mid 1990's, it was trading around 69 cents when I first became aware of it. I believe he was instrumental in the development of the Burton coal project and their Koolyanobbing iron ore deposits.
Whilst the challenges that lay ahead for Sundance Resources are many and varied, it is an important project for the Cameroon government, not only for future revenue streams but also for the development of rail and port infrastucture, this could open up the possibility of financing new projects through government backed financial instruments which may reduce the cost of funding, there are however going to be many challenges between now and their first shipment of DSO quality ore, these "challenges" will no doubt provide many opportunities for traders along the journey. I don't think that George would become involved with this project unless he believed he could get the project through to it's first shipment.
Ken Talbots certainly put his money where his mouth is with the Talbot Group being Sundances largest shareholder. Once again Talbot has a sensational track record as a "doer" in the resources industry that speaks for itself.
Whilst the large number of shares on issue (over 1.8billion in the 2007 anual report) gives the company a huge market cap for what it has at the moment, and also makes comparisons with FMG ill advised (although the "story" appears to run along similar lines).
I'm not into charts, they're way too hard for me, I like to follow people who've done it all before, and look at what they have to work with. I believe there will be some furthther drilling results due in the September quater, and maybe they may help the share price along a little.
So I'll quietly accumulate a few more, and try to "buy straw hats in winter, and umberellas in summer".

Potential breakout alert.
http://finance.google.com/finance?c...det=1219817537406&chddm=4796&q=ASX:SDL&ntsp=0

It seems like some good news is coming. The volume for tomorrow and the day after will confirm this. As today was an average volume day.

SDL usually leaks like a sieve when it comes to news. Many times we've seen a SP rise prior to an announcement. Would be absolutely no surprise to see something released in the next day or two. Not a massive volume either with the SP rise today. Would be looking for further increases in volume very soon to back it up hopefully.

Should have loaded up at 20.5 just a few days ago, would have been a nice 20% in a week.

looks like it might be a good time to get on board.. i have also been looking at this one last few weeks. im think around 10,000 shares @ .30 cents

Sundance is a volatile stock - Up 20%, then down 11%, then up 6%... its either feast for famine.

Lets hope it has found some support at these levels.

The sad aspect is the lack of volume this time around. Previously before running it goes above 30-40 million volume barrier.

But historically it runs really hard and I always miss the train . Anyway I think it is the problem with stocks with African origin, with rampant corruption, it make sense that good news can reach special people before announced on ASX.

Some news regardning rail network and resource upgrade will boost this stock but are not due till the Sept-Oct.

Agree with previous post on lack of volume, whenever SDL runs, it is on the back of huge volume. Some sort of ann in the near future wouldn't be a great surprise with what happened last week.

Volume 40,000,000 +.and share price is up 4.5 cents so far........Something is happening, and it can't all be due to this forum!

We have a confirmed breakout How high it will go depends on the news. But historically SDL has been dumped after release of news . And it always comes back to around .20. I got in at .245 and will be waiting to get out at .45. It is amazing that its step brother GBG is also showing signs of a strong run. Even after the merger collopase they seem to be in sync in trends.

Good luck to all SDL holders.

mayk said:

We have a confirmed breakout How high it will go depends on the news. But historically SDL has been dumped after release of news . And it always comes back to around .20. I got in at .245 and will be waiting to get out at .45. It is amazing that its step brother GBG is also showing signs of a strong run. Even after the merger collopase they seem to be in sync in trends.

Good luck to all SDL holders.

Click to expand...

Yes, we've seen our volume spike today as sort of expected. Now we just need to see the reason why!!!

But you're right mayk - am also anticipating a spike and a retreat. I would think that it might not run to your 45c though - I'm probably looking at low 30s tomorrow and will run off some stock then. Aim to pick it back up again around low-mid 20s in a week or two's time and pocket the difference.

Looks like a few got cold feet today, took their money and ran. They will be regretful in 4-5 years time when this thread is re-named "The millionaires thread" hehehehe.

RP_Automotive said:

Looks like a few got cold feet today, took their money and ran. They will be regretful in 4-5 years time when this thread is re-named "The millionaires thread" hehehehe.

Click to expand...

I respect your dream and may GOd showers flowers and free scratchies on your head.

I dream of the same when I buy Lotto

BTW I do have holding on SDL and cherishing the same dream

Just thought Sundance resources shareholders may find the following of interest. Sorry if it's a bit all over the place, but it had to be translated from French. The original article can be found at http://translate.google.com.au/tran...prev=/search?q=cameroon+government&hl=en&sa=G


République du Cameroun Republic of Cameroon
Services du Premier Ministre The Prime Minister


Accueil Home Le Premier Ministre The Prime Minister Le Gouvernement The Government Le Cameroun The Cameroon The Prime Minister received a delegation of Belgian investors The Prime Minister, Head of Government Ephraïm Inoni granted a hearing to a delegation of Belgian investors interested in the proposed construction of deepwater port of Kribi, it was Friday, August 8, 2008 at the Star Building.

Officials of Jan De Nul Group were accompanied at the Prime Minister by the Director General of the autonomous port of Douala, Jean-Marcel Dayas Mounoune also Director General of the National Ports Authority.

The regional president of this organization, Ir Kobbe told the press that they came to the Cameroonian authorities say that Jan De Nul is ready to finance the construction of the port of Kribi. In response, the government has reaffirmed its willingness to move quickly in this project. For his part, Head of Government has shown interest in the offer made by Jan De Nul Group said Jean-Marcel Dayas Mounoume.

The Belgian group formed in 1938, is a leading civil engineering and marine construction. It is one of the best globally, with regard to the dredging and filling specialized maritime services, maintenance work in ports, roads and ports.

It would appear that things are happening in Cameroon, could this be why we are seeing the increased turnover over the past couple of days?
Would like to know your opinion.

RP_Automotive said:

Looks like a few got cold feet today, took their money and ran. They will be regretful in 4-5 years time when this thread is re-named "The millionaires thread" hehehehe.

Click to expand...

so if your not expecting BIG things for the next 4 or so years, why park your stock in SDL for that period? Better off taking the 3.8% on offer for US treasury bonds haha.

with the sheer amount of SDL stock on the market, it is always goign to be a prime target for the big boys to manipulate... buy low, ramp up one day (or for longer), sell and take the profit, then short it to oblivion for the next month before buying in and doing it all again...

it appears there is good (Easy) money to be made following this pattern, pick conservative entry and exit points and hold your nerve when (and if) you get stuck somewhere in between. by no means a recommendation on how to invest your hard earned, but a clear pattern seems to be evolving for anyone who has been following this one for a while.

As predicted the announcement has arrived. Sundance has announced an upgrade to to the inferred minneral resource of DSO quality hematite to 222.6 million tonnes at an average grade of 61.6%. The company's exploration target for DSO quality hematite @ Mbalam is 300 million tonnes, with 3 priority targets identified to deliver the additional tonnages required to meet this objective. If you wish to find out more you can go to either the ASX or Sundance websites.

Question: Can any body tell me if it is possible to find out which brokers are buying/selling a particular stock on a particular day? Is there a way of finding out if a particular broker is pushing a particular stock?
Thanks. J.