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SDL - Sundance Resources

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SDL opened today after its trading halt at 53.5....looked as though it was going to open at above 60c until about 2 mins to open....alot of buyers currently sitting at .50. Volume at 25mil at 10:25am, very interested to see if we get a run later in the day once the dust of the open settles.
 

I am actually a bit disappointed as I was expecting a better opening. I guess the fact that the market is down very strongly does not help
 
depending on how well you think the 50cent support will hold - thers about 5 million shares waiting to be bought there . this may represent quality buying..
talbot is buying in big.. i can't see it dropping..

if you want to risk and wait for 45ish cents .. you might miss the results due out soon - and know one wants to do that.
 
Fab said:
I am actually a bit disappointed as I was expecting a better opening. I guess the fact that the market is down very strongly does not help
Click to expand...

I feel your pain...I thought that this may have opened a little higher, but I didnt expect this kind of selling depth without a little run first. I thought there would be profit takers but I would have thought that selling depth would have started in the early 60c range. Still, Rome wasn't built in a day...announcement did mention that they were oversubscribed and gave the impression that they mustered up the cash with relative ease...the support is there. Dust will settle from the open soon.
 
I'm not too surprised that the early run is faltering. The announcement wasn't the one that most are waiting for. The big one is the lab results to start confirming resource levels. Expecting to see further softening today (might test 47-48?) but today's rise should at least keep the SP back in that 47-50odd band that developed a little while back. The next move will be the one......
 
Fourth quarter activity and cash flow report out.

Looks good?! Bring on tomorrow! Hopefully we will see some more green.
 
IOT said:
Fourth quarter activity and cash flow report out.

Looks good?! Bring on tomorrow! Hopefully we will see some more green.
Click to expand...

The quarterly news is positive and should stabilise or improve share price. However, I was hoping to accrue some more stock in SDL at bargain prices this week by taking advantage of people selling up on the background of a general market correction. I have been acruing SDL stock since April 07 and will be happy if share price drops in the short term...as will snatch up more stock. I think it will be a good medium to long term hold especially with expected ramp up of exploration activities.
 

its very very very positive news IMO, surface samples ranging from 60-70% is exceptional! The grades can't get better than this. As you said piggy, im very happy to accumulate this one, a sure winner in the long term. All that is needed is green in the US tonight, and the way this one goes!
 

Hi Piggy...I dont think you are the only one wanting to accumalate...have you noticed whats happening during pre-close the last 2 days? Someone needs to help me out with this as surely others saw it...Monday 1mil order placed at .495 right at 4pm, thought at first it was just there to attract smaller buyers to eat in past 50c....to my surprise it stayed....then today...well check out the last 10 trades for the day....

31-07-2007 04:10 PM $0.510 31870 $16,253.700
31-07-2007 04:10 PM $0.510 78513 $40,041.630
31-07-2007 04:10 PM $0.510 250000 $127,500.000
31-07-2007 04:10 PM $0.510 100000 $51,000.000
31-07-2007 04:10 PM $0.510 656933 $335,035.830 Crossed
31-07-2007 04:10 PM $0.510 30000 $15,300.000
31-07-2007 04:10 PM $0.510 10000 $5,100.000
31-07-2007 04:10 PM $0.510 5255 $2,680.050 Crossed
31-07-2007 04:10 PM $0.510 100000 $51,000.000 Crossed
31-07-2007 04:10 PM $0.510 20200 $10,302.000


Someone is picking them up at pre-close...large orders, thats what we want to see........anyone else notice??
 
what was interesting was that someone sold 1.7 million in a single sale at 50 just 1 minute before close which looked like it would take it down. Yes I saw the 1.5m at 51 which was reassuring. That'll teach the wally who sold at 50!!!
 
Have just read yours again. I realised you were talking monday. What I saw was today. There was a single buy order for 1.5 million at 51 that helped it close at that level - after it looked like it could be worse.
 
There is a lot of SDL stock on issue as of 30 July 2007

1,810,581,908 Fully paid ordinary shares
PLUS
4,000,000 Options expiring 31-May-2010
36,833,334 Options expiring 30-Jun-2008
32,000,000 Options expiring 04-Jan-2012
50,000,000 Options expiring 03-Jan-2012

SDL's largest shareholder Talbot Group Holdings as of 11 July 2007 owned 226,257,002 shares (13.51%), this holding was further increased by 50,000,000 shares issued at 40 cents each in the recent share placement.

In the medium to long term it will be highly desirable if SDL can attract some more institutioinal and major stakeholders to purchase large chunks of the available stock "on market". Effectively, less available stock to the general market the better. Does any else have concerns about the current and future volume of issued stock available?
 

I am more concerned about the manipulation of SDL yesterday.Approx 1.5-2.0 million on offer at 49.5,50.0 and 51 ALL DAY while at 50.5 there were about 100000 to buy.This stock was held all day at this level,clearly SDL is being bought/sold by the same broker/owner.Volumn for yesterday means nothing,shares are going around in a circle.I use E-trade Pro and see ever trade.This obviously allows the big buyer to soak up any shares on offer at a controlled price of 50.5,or is a takeover/merger with GBG closer than we think. SDl should have jumped yesterday with such a great samples report on Mondays release of quarterly activity report.Why was it released at 6.38 PM and the long awaited rock chip sample(65-69% Fe) burider in the middle????????????
 
I've also noticed millions of buy orders at around the 40c mark when it was close to there, when it looked quite likely it would be back in the 30-40c area.. It does seem like large 'buy' walls are placed below key prices, 40c, 45c, 50c. It's quite possible it's just normal market activity with people playing the resistance levels, or somebody is playing some games.
 

Hey Piggy...here is your chance to pick some up!!....can you do us all a favor and pull this one up to 50c by close!!
So do you think we will see th pre-close 1mil+ buys that have been happening in the past??
 
tibby said:
Hey Piggy...here is your chance to pick some up!!....can you do us all a favor and pull this one up to 50c by close!!
So do you think we will see th pre-close 1mil+ buys that have been happening in the past??
Click to expand...

Hi tibby...I have a pre-existing buy order (placed 3 days ago) at a bargain basement price of 0.40. The stock will have to drop another 4 cents for my oder to be fullfilled. This may happen if there is another drop in the US overnight and the All Ords drops below 6000???
 
.. ready to bounce - talbot buying more up until tuesday increased his holding again
..market consolidating over next few days could prove a good chance to buy this one in the 40's
whit
 
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