SDL - Sundance Resources

[lioness]

By the way, FMG went up 5 fold when they announced their funding/partner and the same should happen to SDL. At the very worst 40 cents in my opinion.

 

[The Muffin Man]

Gabon is reviewing its Chinese connection to develop Belinga? Why? Because of the lack of desire by the Chinese, after three years, to go further and develop it. Chinese may want to take it off the market for now but do not seem like going to the next step.

In jumps VALE who are negotiating with Gabon to take it off the Chinese. Now we have one less significant player interested in SDL. The future partnership list may be getting less and less and so the stagnant share price.

ZODIAC

Where did you get the information from that said Gabon took Belinga off the Chinese because of lack of desire? I think there is a lot more to that situation that you are reporting.

 

[lioness]

Gabon is reviewing its Chinese connection to develop Belinga? Why? Because of the lack of desire by the Chinese, after three years, to go further and develop it. Chinese may want to take it off the market for now but do not seem like going to the next step.

In jumps VALE who are negotiating with Gabon to take it off the Chinese. Now we have one less significant player interested in SDL. The future partnership list may be getting less and less and so the stagnant share price.

ZODIAC

Iron ore prices are predicted to pass old time highs on next valuation, so there are other players around. Once they JORC and prove reserves, game on! Rudd's rrt tax has helped SDL secure a partner now, not hurt it.

 

[lioness]

By the way, these jobs were advertised for SDL:

* Study / Project Director [Ref: SDL401]
As we progress definitive studies, we are seeking expressions of interest from experienced and proven project leaders who can join the team and drive the development of the Mbalam Project and work to achieve our vision of establishing a global iron ore business.


* General Manager Infrastructure & Rail [Ref: SDL403]
With the extensive magnitude of infrastructure development required in support of the iron ore project, we are seeking a proven and renowned rail and infrastructure specialist for the position of General Manager Infrastructure & Rail. This role will be pivotal to the development of the Mbalam Project and the achievement of our vision of establishing a global iron ore business.


* Metallurgy Manager [Ref: SDL404]
Reporting to the General Manager Mining, this is an exciting opportunity for highly experienced Minerals Processing professional. Based in Perth with the project team, this key role will manage consultant groups doing flowsheet design and deliver optimum flowsheet alternatives. The position is focussed upon developing strategies for ore processing and product optimisation to meet market requirements. This will include establishing testing programs and managing analytical & testing laboratories


* Project Controls (Contracts) Manager [Ref: SDL405]
The Project Control Manager is a critical role with responsibility to develop and implement contract management systems and oversee project estimating, tender package development, consultant agreements and contract procurement initiatives.


* Project Engineer [Ref: SDL406]
The Project Engineer works closely with the Study team to ensure the management and delivery of feasibility and project development related tasks within the operating environment of West Africa. The role will manage investigation studies and construction projects in support of exploration and project development activities.



* Exploration Geologists [Ref: SDL407]
With increased development activity in-country, we now have the requirement for additional experienced Exploration Geologists to join our exploration teams in-country.



* Project Support Officer [Ref: SDL408]
Due to continued growth, we are looking for an efficient and experienced Project Support Officer/Administration Officer with preferably mining and/or geology support experience to join our friendly team in our busy Perth office.

3 guesses at what this is telling you guys. Get ready!

 

[bleach8]

By the way, these jobs were advertised for SDL:

* Study / Project Director [Ref: SDL401]
As we progress definitive studies, we are seeking expressions of interest from experienced and proven project leaders who can join the team and drive the development of the Mbalam Project and work to achieve our vision of establishing a global iron ore business.


* General Manager Infrastructure & Rail [Ref: SDL403]
With the extensive magnitude of infrastructure development required in support of the iron ore project, we are seeking a proven and renowned rail and infrastructure specialist for the position of General Manager Infrastructure & Rail. This role will be pivotal to the development of the Mbalam Project and the achievement of our vision of establishing a global iron ore business.


* Metallurgy Manager [Ref: SDL404]
Reporting to the General Manager Mining, this is an exciting opportunity for highly experienced Minerals Processing professional. Based in Perth with the project team, this key role will manage consultant groups doing flowsheet design and deliver optimum flowsheet alternatives. The position is focussed upon developing strategies for ore processing and product optimisation to meet market requirements. This will include establishing testing programs and managing analytical & testing laboratories


* Project Controls (Contracts) Manager [Ref: SDL405]
The Project Control Manager is a critical role with responsibility to develop and implement contract management systems and oversee project estimating, tender package development, consultant agreements and contract procurement initiatives.


* Project Engineer [Ref: SDL406]
The Project Engineer works closely with the Study team to ensure the management and delivery of feasibility and project development related tasks within the operating environment of West Africa. The role will manage investigation studies and construction projects in support of exploration and project development activities.



* Exploration Geologists [Ref: SDL407]
With increased development activity in-country, we now have the requirement for additional experienced Exploration Geologists to join our exploration teams in-country.



* Project Support Officer [Ref: SDL408]
Due to continued growth, we are looking for an efficient and experienced Project Support Officer/Administration Officer with preferably mining and/or geology support experience to join our friendly team in our busy Perth office.

3 guesses at what this is telling you guys. Get ready!

these jobs have been on their website for a long time , since the start of this year................

 

[jonojpsg]

I don't think a maiden JORC resource from Nabeba will be too far away.

Agreed Muffin Man. To get an inferred resource will not take more than a few more holes as the level of confidence at this level is low. The calculations done here previously by myself and one other (can't remember who) are pretty much what an inferred resource is - here are a ring of holes with average 60m intersection @ 60+% Fe and a few holes in the middle. Calculate the approx volume and assume a density and bobs your uncle you've got an inferred resource. Forgive me any geos for oversimplifying but from what I can see that's how it works.

My guess would be an inferred of between 100-200Mt by end June latest.

Still, given I'm not holding atm (had to ditch a week ago), I'd be pretty happy to jump back in at 8c

 

[5haretrader]

Had a brief look at the market depth this morning and it looks like traders are getting ready for a bit of a frenzy with Sundance today. It would be nice for the market to hold its own for once rather than react to the demise of the European economy One can only hope.

 

[lioness]

Had a brief look at the market depth this morning and it looks like traders are getting ready for a bit of a frenzy with Sundance today. It would be nice for the market to hold its own for once rather than react to the demise of the European economy One can only hope.

Sharetrader, these days are used by the big boys to accumulate. We need one more subtant. introduced to make it 4 of them before news starts flowing. It will happen in the next 2 months.

 

[Miner]

By the way, these jobs were advertised for SDL:

* Study / Project Director [Ref: SDL401]
As we progress definitive studies, we are seeking expressions of interest from experienced and proven project leaders who can join the team and drive the development of the Mbalam Project and work to achieve our vision of establishing a global iron ore business.

I believe they have already appointed one.


* General Manager Infrastructure & Rail [Ref: SDL403]
With the extensive magnitude of infrastructure development required in support of the iron ore project, we are seeking a proven and renowned rail and infrastructure specialist for the position of General Manager Infrastructure & Rail. This role will be pivotal to the development of the Mbalam Project and the achievement of our vision of establishing a global iron ore business.

They have advertised this role for last 6 months. Still probably unsure of this person;s role and the org structurei

* Metallurgy Manager [Ref: SDL404]
Reporting to the General Manager Mining, this is an exciting opportunity for highly experienced Minerals Processing professional. Based in Perth with the project team, this key role will manage consultant groups doing flowsheet design and deliver optimum flowsheet alternatives. The position is focussed upon developing strategies for ore processing and product optimisation to meet market requirements. This will include establishing testing programs and managing analytical & testing laboratories

Where it was advertised ? Good to know

* Project Controls (Contracts) Manager [Ref: SDL405]
The Project Control Manager is a critical role with responsibility to develop and implement contract management systems and oversee project estimating, tender package development, consultant agreements and contract procurement initiatives.

Eye wash advertisement. If they have not yet know the project moderandi, consultant to do the job, study or project manager - what the hell a project control manager will do ? Further the role description is more for a project contract role than a control role.

* Project Engineer [Ref: SDL406]
The Project Engineer works closely with the Study team to ensure the management and delivery of feasibility and project development related tasks within the operating environment of West Africa. The role will manage investigation studies and construction projects in support of exploration and project development activities.

Two roles advertised through Beilby. Primarily for railway area as this is the area SDL is very much weak


* Exploration Geologists [Ref: SDL407]
With increased development activity in-country, we now have the requirement for additional experienced Exploration Geologists to join our exploration teams in-country.

Good one and do not know about it

* Project Support Officer [Ref: SDL408]
Due to continued growth, we are looking for an efficient and experienced Project Support Officer/Administration Officer with preferably mining and/or geology support experience to join our friendly team in our busy Perth office.

3 guesses at what this is telling you guys. Get ready!

Good collection Lioness.
i CHECKED these advertisements in SDL website just now.I have seen few of them in press too.
However SDL is probably still unsure how they will progress. THe leadership is unsure. IMO probablyt they are despearately looking for some one to buy them at premium than venturing to be a production company. Time will show it in next 12 months. But currently people development is very slow process just to buy time. I have made my comments in your posting from whatever I know from personal interaction.
DO hold SDL and there is no drama. But to see this one as FMG will take some one like Andrew Forrest and NOT Geoff Wedlock to lead the company.

 

[lioness]

Good collection Lioness.
i CHECKED these advertisements in SDL website just now.I have seen few of them in press too.
However SDL is probably still unsure how they will progress. THe leadership is unsure. IMO probablyt they are despearately looking for some one to buy them at premium than venturing to be a production company. Time will show it in next 12 months. But currently people development is very slow process just to buy time. I have made my comments in your posting from whatever I know from personal interaction.
DO hold SDL and there is no drama. But to see this one as FMG will take some one like Andrew Forrest and NOT Geoff Wedlock to lead the company.

Wrong Miner, they will go into production, but MAY be taken out before they get there I suppose by a bigger player and a price talbot is willing to sell.

See link - time to shine soon. I still come back to the fact DB and UBS bought 5% and turned on the light switch for anyone who missed buying in the last year. Now is the time to be holding patiently and things could hot up at any tick of the clock now. Click link.

http://docs.google.com/viewer?a=v&q...ZnBed2&sig=AHIEtbQ8G63hi1w74R7pVtDdW3t3T-D7pA

 

[jonojpsg]

Wrong Miner, they will go into production, but MAY be taken out before they get there I suppose by a bigger player and a price talbot is willing to sell.

See link - time to shine soon. I still come back to the fact DB and UBS bought 5% and turned on the light switch for anyone who missed buying in the last year. Now is the time to be holding patiently and things could hot up at any tick of the clock now. Click link.

http://docs.google.com/viewer?a=v&q...ZnBed2&sig=AHIEtbQ8G63hi1w74R7pVtDdW3t3T-D7pA

Hey lioness, thanks for the doc, it reads beautifully!

Agreed it will get to production - with a four year payback at $62/t, which currently reads more like, what, $100/t (can't remember what BHP agreed to?), which would bring that back to maybe 2 years, there is little doubt that it will happen IMO.

Re the price that Talbot would be willing to sell...I don't reckon anything under $1 (eq to $2.7bn MC). Even then that's still only 2 years worth of net cash at 35Mtpa and $62/t (assuming $22/tonne production costs, which will rise, so maybe 3 years).

Looking like a nice one to pick up lots of right now - just waiting on Nido to take off so I can leverage into this big time

 

[Miner]

Wrong Miner, they will go into production, but MAY be taken out before they get there I suppose by a bigger player and a price talbot is willing to sell.

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Good collection Lioness.
xxxxx THe leadership is unsure. IMO probably they are despearately looking for some one to buy them at premium than venturing to be a production company. Time will show it in next 12 months. xxxxxDO hold SDL and there is no drama. But to see this one as FMG will take some one like Andrew Forrest and NOT Geoff Wedlock to lead the company.

Dear Lioness

Thanks for your reply to my message.

I am actually pleased to see that you started with disagreeing what I said and then agreed in your own way.

I love such disagreement and very common in my workplace to get things done.

I have highlighted the text where I said, before SDL becoming a production company they need some one to buy it.

Yes, you also actually said exactly the same thing - see highlighted text.

I am happy and not complaining any way and thanks for the link - good reading.
Cheers

 

[The Muffin Man]

Dear Lioness

Thanks for your reply to my message.

I am actually pleased to see that you started with disagreeing what I said and then agreed in your own way.

I love such disagreement and very common in my workplace to get things done.

I have highlighted the text where I said, before SDL becoming a production company they need some one to buy it.

Yes, you also actually said exactly the same thing - see highlighted text.

I am happy and not complaining any way and thanks for the link - good reading.
Cheers

You're reading Lioness' comments the wrong way Miner. "THe leadership is unsure. IMO probablyt they are despearately looking for some one to buy them at premium than venturing to be a production company." is quite some way from "but MAY be taken out before they get there I suppose by a bigger player."

Management has never floated the idea of wanting to sell, let alone "be desperately looking for someone to buy them." The stated aim has always been to become a first mover in the area, operating both mining and transport infrastructure. However, as Lioness stated (what I believe she meant with her comments), management might not be able to fend off a challenge if it were to come from another company, and it was at a price that enticed the shareholders. (Talbot most notably)

 

[Miner]

You're reading Lioness' comments the wrong way Miner. "THe leadership is unsure. IMO probablyt they are despearately looking for some one to buy them at premium than venturing to be a production company." is quite some way from "but MAY be taken out before they get there I suppose by a bigger player."

Management has never floated the idea of wanting to sell, let alone "be desperately looking for someone to buy them." The stated aim has always been to become a first mover in the area, operating both mining and transport infrastructure. However, as Lioness stated (what I believe she meant with her comments), management might not be able to fend off a challenge if it were to come from another company, and it was at a price that enticed the shareholders. (Talbot most notably)

No problemo Muffin Man

Let us wait for the wheel to roll into year 2012-13 and we will know what happens to Geoff Wedlock and his team to get SDL into motion.

Andrew (Forrest) is a different kind of specy. He is visionary, ex stock broker and astute to get FMG running into a production company. Notwithstanding he was a failure in Ananconda (now Murin Murin) .

To me it is all learning part of people and I wish Geoff and his team (hence my investment on SDL) to win.

 

[lioness]

You're reading Lioness' comments the wrong way Miner. "THe leadership is unsure. IMO probablyt they are despearately looking for some one to buy them at premium than venturing to be a production company." is quite some way from "but MAY be taken out before they get there I suppose by a bigger player."

Management has never floated the idea of wanting to sell, let alone "be desperately looking for someone to buy them." The stated aim has always been to become a first mover in the area, operating both mining and transport infrastructure. However, as Lioness stated (what I believe she meant with her comments), management might not be able to fend off a challenge if it were to come from another company, and it was at a price that enticed the shareholders. (Talbot most notably)

That's exactly what I meant muffin man. Miner, this company will not have to wait until 2013 before having a market cap above 1 billion. You need to read the report conducted by RM research to understand market caps at different mining stages such as scoping/feasibility/definitive feasibility. I will try and find the link and post again here.

By the way, notice that fake capping at 14.5 cents which makes everyone sell at 14. Just another part of the game to take out every weak share BEFORE any big news comes along. Very predicatble stuff.

 

[lioness]

Here is the link:

http://www.sundanceresources.com.au/media/5833/sdl_rmresearch_25-8-06.pdf

Make sure you study page 7 which is comparing FMG to SDL and the different market caps and milestones.

This report was done in 2006 but is still relevant.

It states SDL should be worth 17 dollars when JUST going into production. Admittedly there are now more shares on issue then back then but 14 cents to 17 dollars screams upside to me.

Bring on the drilling to complete feasibility and project financing completed and I think conservative $1.00

 

[bleach8]

Here is the link:

http://www.sundanceresources.com.au/media/5833/sdl_rmresearch_25-8-06.pdf

Make sure you study page 7 which is comparing FMG to SDL and the different market caps and milestones.

This report was done in 2006 but is still relevant.

It states SDL should be worth 17 dollars when JUST going into production. Admittedly there are now more shares on issue then back then but 14 cents to 17 dollars screams upside to me.

Bring on the drilling to complete feasibility and project financing completed and I think conservative $1.00

Any prediction is meaningless without knowing the terms of the deal ( i.e % of debt and equity, and whether Government decides to acquire another 15%). But I would like to see it reach 40c by the end of the year..

 

[CarbonSteel]

http://docs.google.com/viewer?a=v&q...ZnBed2&sig=AHIEtbQ8G63hi1w74R7pVtDdW3t3T-D7pA

Read it and it looks like a simple (& cheap) ramp to me.

http://www.sundanceresources.com.au/...ch_25-8-06.pdf

How is it possible that 4 yr old information and predictions can be relevant today lioness? When this was written SP was about 9.5 cents. A year later it hit 84 cents. Since then it slid and has never been above about 25 cents in 3 long years. Shouldn't we be looking at the current situation and info?

 

[lioness]

Carbon steel, only things matters is a partner to this project. Without it, SDL is worth zero.

 

[LRG]

SDL partners, come out, come out where ever you are; show your faces and make your announcement very, very soon!

Mr Talbot, Wedlock et al - you need to stop the spin the continuous investor presentations / power point slides with the same old super positive outlook and; actually come up with a concrete partner and way foward ASAP.

This has been on the go for 4 years now - just do it! :

please