SDL - Sundance Resources

[LRG]

terrible news for the families of those missing - lets hope for the families a miracle.

no one deserves this to happen to them.

really sad news.

 

[Miner]

Looks like share price will half now?

"Missing jet: Sundance Resources mining project in west Africa.

A private jet carrying at least 9 people, mostly Australian mining executives, has gone missing in west Africa, Australian media said.

The mining exectutives were from resouce company Sundance Resources. The Perth based mining company operates an Iron Ore mine in Cameroon, near the border with Gabon.

Families of those on board were told that the plane was due to land in Cameroon around 1am local time, however the private jet never landed at its destination and a search and rescue operation was now under way.

Australias Nine Network said those on board the plane incolude mining investor Ken Talbot, who is worth around A$1billion, Sundance Resources managing director and CEO Don Lewis, independent director Craig Oliver and non executive directors John Jones and Geoff Wedlock."

Hi Lioness

As a human being, Australian and a shareholder of SDL my prayers for the well being of all people who are reportedly missing in the private jet plane.

It is devastating news for the family as well as the Nation .

I also feel disgusted for those heartless people who have shown no sympathy for this shocking news and the ramification for the families and country as a whole but showed concern for the share price drop.

Can money ever equate with family tragedies or any human losses ?

I am sure we would get priorities right keeping humanity and people well being first.

 

[Julia]

Hi Lioness

As a human being, Australian and a shareholder of SDL my prayers for the well being of all people who are reportedly missing in the private jet plane.

It is devastating news for the family as well as the Nation .

I also feel disgusted for those heartless people who have shown no sympathy for this shocking news and the ramification for the families and country as a whole but showed concern for the share price drop.

Can money ever equate with family tragedies or any human losses ?

I am sure we would get priorities right keeping humanity and people well being first.

I couldn't agree more, Miner. I'm finding it a bit hard to believe your main focus is on the share price, Lioness.

 

[nunthewiser]

I couldn't agree more, Miner. I'm finding it a bit hard to believe your main focus is on the share price, Lioness.

Why wouldnt it be ?

Not like lioness knows these people personally.

Thousands if not millions of people die each week and yes i agree its sad for the loved ones etc etc but at the end of the day the only actual connection many of us here have with this tragedy is the actual holding of the stock which may or may not be affected by this news.

If i was a holder i would be concerned about my investment also .

Not being heartless just being realistic.

 

[Julia]

Why wouldnt it be ?

Not like lioness knows these people personally.

Doesn't matter if you know them personally or not.
Loss of human life to most people is more important than some temporary dip in the damn share price.

 

[pixel]

Doesn't matter if you know them personally or not.
Loss of human life to most people is more important than some temporary dip in the damn share price.

Couldn't agree more, Julia;
Worrying about the price of one's shares means something is missing in one's trading or investment strategy. Those, for whom shares become more important than other humans' wellbeing, not only lack an essential consideration for share investment: "Never buy shares with money yu can't afford to lose!"; but they arguably lack also what most people would consider essential human decency.

 

[Miner]

Doesn't matter if you know them personally or not.
Loss of human life to most people is more important than some temporary dip in the damn share price.

Why wouldnt it be ?

Not like lioness knows these people personally.

Thousands if not millions of people die each week and yes i agree its sad for the loved ones etc etc but at the end of the day the only actual connection many of us here have with this tragedy is the actual holding of the stock which may or may not be affected by this news.

If i was a holder i would be concerned about my investment also .

Not being heartless just being realistic.

Dear Julia

thanks a lot for sharing your concern and rising above for the right cause.

I am just feeling pity for two of ASF colleagues who failed to take the opportunity to show their humanity against greatest distress for some of their own country men.

Rightly the share will be under halt to avoid some hawks to take advantage of the most vulnerable stage of SDL .

There are always supporters for Hitlers and Nazi concentration camp. There will always be people who justify actions of Shylock to take the pound of flesh in exchange of money .

So I am just speechless at the comments from Nunthewiser (wiser ?) and Lioness (Lion is supposedly a brave animal). It also explains how come people loot houses of their fellow people when their houses are under fire.

There are always aberrations in human man kind. Forgiveness is the greatest strength.

So let us forget and forgive those people like Jesus forgave the people who crucified Him.

 

[nunthewiser]

GEEZUS!

i already said it was a tragedy.

i already said how sad it was for the loved ones.

FFS now im compared to hitler because im shedding a realistic viewpoint on a business scenario?

Oh just read more . oh now im a house looter also ?

un farkin believable.

GROW UP.

 

[nunthewiser]

So I am just speechless at the comments from Nunthewiser (wiser ?) and Lioness (Lion is supposedly a brave animal). It also explains how come people loot houses of their fellow people when their houses are under fire.

There are always aberrations in human man kind. Forgiveness is the greatest strength.

So let us forget and forgive those people like Jesus forgave the people who crucified Him.

Forgiveness ?? forgiveness for what? i have done nothing wrong ... am i a monster for not gushing my sadness in a public forum for people i dont know ? . should i repent my sins because their deaths ( as sad as they are ) have no effect directly to me or my family and therefore i have no feelings of direct sadness on the matter? ......

Religeon belongs in another thread and being not the religeous type ya can jam the forgiveness up ya clacker .

 

[CarbonSteel]

Firstly, I wish to reassure the famlies, if they read this, that there are a lot of people who have only admiration for the tireless work of those missing. They are developing a major resource in a very difficult and dangerous area of the world.

From News.com.au...

The Sundance board had travelled to Cameroon to conclude negotiations over the mining lease at its Mbalam deposits

These people (who are currently missing) are making progress, albeit not at the rate that some investors expect. If our worst fears are realised, it will be a great loss to all associated with SDL in any way.

Sensibly, there will be a trading halt until the outcome of the search is known and presumably the company has had time to regroup.

I think it is a very positive sign that these people have travelled to Cameroon to conclude the mining lease negotiations. Obviously they have faith in the project and it is going forward.

I sincerely hope that we can avoid preaching morals and attacking each other in this forum and concentrate on real issues.

Thanks for reading. I live in hope for those missing. :aus:

 

[Agentm]

this is bizarre

its absolute!! and i mean absolutely absolute that the potential loss of the executives in sundance will have a profound impact on the share

regardless of how tragic the news appears to be, it has to be able to be commented upon imho

 

[Ruby]

Religeon belongs in another thread and being not the religeous type ya can jam the forgiveness up ya clacker .

I love a non-religious nun!

I don't own Sundance Resources shares, and I am shocked by this terrible news. However, I think it is quite possible - and normal - for shareholders to be both shocked by the news AND worried about their stock. Some people seem to be making unnecessarily large leaps to wrong conclusions.

 

[The Muffin Man]

I'm a bit speechless about all of this.

I think that now the stock has been placed in a trading halt, everyone can focus their thoughts and prayers towards those involved and their families.

Any thoughts about share price and the future of SDL can now be held off until some point in the future.

A number of those on board have always made themselves available to shareholders through phone calls, emails, and even face to face meetings. It's natural that SDL holders especially would feel some connection to them. It's not about just holding a share in the company these people manage.

 

[Johnny Utah]

Just shattering stuff really. As soon as i read the headline yesterday that there were missing business executives on a flight in West Africa. I thought of SDL right away. Its just sad news all around for everyone that's associated with the company and there families. I really do hope they are ok and surviving out there- i know its slim but gotta have hope guys. Fingers crossed its not a bad outcome.

 

[Johnny Utah]

Sundance CFO appointed acting CEO

PERTH, June 21 AAP - Sundance Resources Ltd chief financial
officer Peter Canterbury has been appointed acting chief executive
of the iron ore explorer as the search continues for company board
members and senior management in West Africa.
Much of the company's board and senior management - including
non-executive chairman Geoff Wedlock, managing director and chief
executive officer Don Lewis, company secretary John Carr-Gregg,
non-executive directors Ken Talbot, John Jones and Craig Oliver -
are missing somewhere between the Cameroon capital Yaounde to
Yangadou in the Republic of Congo.
The Perth-based executives were aboard a chartered aircraft that
also was carrying two French nationals, an American and two Britons
that disappeared over dense jungle on Saturday during a flight to a
Sundance project.
A Sundance spokesman told AAP on Monday that Mr Canterbury had
taken on the role of acting chief executive.
All of the companies chaired by Mr Wedlock, a respected
Perth-based mining identity, were placed in a trading halt on
Monday morning while the search continued.
The search has been called off for the night, but will resume at
first light (about 4pm AEST on Monday).
Other than Sundance, the companies placed in a trading halt were
Gindalbie Metals Ltd, Jupiter Mines Ltd and Gladiator Resources
Ltd.
Gindalbie shares resumed trading at about 1130 AEST and were up
2.5 cents, or 2.16 per cent, at $1.185 at 1201 AEST.
Mr Wedlock formerly was chief executive of BHP Iron Ore, and
managing director of Portman Ltd and Grange Resources Ltd.
Mr Talbot, a Queensland-based billionaire, was until June 2008
the principal shareholder and chief executive of Macarthur Coal
Ltd.
AAP rlm/pe

 

[skc]

There are always supporters for Hitlers and Nazi concentration camp. There will always be people who justify actions of Shylock to take the pound of flesh in exchange of money .

So I am just speechless at the comments from Nunthewiser (wiser ?) and Lioness (Lion is supposedly a brave animal). It also explains how come people loot houses of their fellow people when their houses are under fire.

That's a very nice long bow you are drawing there... almost as long as this one.

Tuckey links Sundance 'tragedy' with tax

CANBERRA, June 21 AAP - Outspoken federal Liberal MP Wilson
Tuckey has linked the government's proposed super profits tax with
the disappearance of six Australian mining executives in Africa.

Mr Tuckey claimed the executives were in Africa looking for iron
ore because the Australian government wants to tax their
super-profits at a rate of 40 per cent.

But Sundance has stated the executives were there visiting its
ongoing iron ore project in Cameroon and Congo and conducting high
level meetings with various government representatives of both
countries.

"They were in Africa. And why where they there? They were
looking for iron ore - already."
Mr Tuckey said the focus of Australia's mining industry had now
turned to Africa.
"We have a tragic example of where the mining industry is now
focusing its attention.
"We have a stark and tragic example, apparently, telling us
what's going on."
Africa was plagued by sovereign risk and "all sorts of practical
problems", Mr Tuckey said.
"But on the strength of a 40 per cent increase in their tax
liability it's starting to look good by comparison with Australia."

I seem to remember there are other Australian mining companies in Africa before the RSPT...

 

[UBIQUITOUS]

Forgiveness ?? forgiveness for what? i have done nothing wrong ... am i a monster for not gushing my sadness in a public forum for people i dont know ? . should i repent my sins because their deaths ( as sad as they are ) have no effect directly to me or my family and therefore i have no feelings of direct sadness on the matter? ......

Religeon belongs in another thread and being not the religeous type ya can jam the forgiveness up ya clacker .

Nun, I'm with you on this.

Some people have a LOT riding on certain stocks and may have their eggs in one basket (rightly or wrongly). SDL for many is not about loyalty or any such sentiment in this tragedy (yes it is a terrible tragedy), but it is about securing the financial future for those investors and their own families.

If I were a holder with a meaningful stake where the outcome of this company going into administration is for me to lose my home, I would most definitely be putting myself first by wanting to know what the future bodes for the company.

Anybody who is trying to take the moral high ground needs a proverbial dressing down, and I hope for their sake that they are never in the position where their whole financial future is reliant on the outcome of this mystery

 

[lioness]

Nun, I'm with you on this.

Some people have a LOT riding on certain stocks and may have their eggs in one basket (rightly or wrongly). SDL for many is not about loyalty or any such sentiment in this tragedy (yes it is a terrible tragedy), but it is about securing the financial future for those investors and their own families.

If I were a holder with a meaningful stake where the outcome of this company going into administration is for me to lose my home, I would most definitely be putting myself first by wanting to know what the future bodes for the company.

Anybody who is trying to take the moral high ground needs a proverbial dressing down, and I hope for their sake that they are never in the position where their whole financial future is reliant on the outcome of this mystery

Firstly, let me say that all my eggs were in SDL. Don't bother telling me it is wrong, too late now. Yes, I may lose my home also. Blaming nunthewiser is disgusting. We are shareholders and I have every right to be concerned about the share price. I am a long term holder and will still hold even after the initial collapse when it trades again. Blaming people because hey dont say oh my god and beg for mercy is childish. Of course we are saddened, but life goes on. If I died tomorrow, life would go on even though people may say "poor thing". We are built to move on even though we find it hard.

Why can't I worry about the shareprice. Isn't that my job as a shareholder?

Well done nunethewiser and ubiquitous for standing up for shareholders. This doesnt mean these guys are not saddened just like me to lose great people.

Move along if you cannot handle our comments.

 

[bleach8]

Firstly, let me say that all my eggs were in SDL. Don't bother telling me it is wrong, too late now. Yes, I may lose my home also. Blaming nunthewiser is disgusting. We are shareholders and I have every right to be concerned about the share price. I am a long term holder and will still hold even after the initial collapse when it trades again. Blaming people because hey dont say oh my god and beg for mercy is childish. Of course we are saddened, but life goes on. If I died tomorrow, life would go on even though people may say "poor thing". We are built to move on even though we find it hard.

Why can't I worry about the shareprice. Isn't that my job as a shareholder?

Well done nunethewiser and ubiquitous for standing up for shareholders. This doesnt mean these guys are not saddened just like me to lose great people.

Move along if you cannot handle our comments.

agree with u! but we can't really discuss anything until the situation become clear...we can just guessing ...right?

 

[Dunger]

There's a time and a place for everything.

This being a forum to discuss shares and their fluctuating prices for reasons known and unknown I don't feel it necessary for anyone to express their feelings about people they don't know to people they don't know.

If you have had any contact with the missing people then of course you'll feel concerned and saddened by it all.

In saying that they can and will express their feelings in their own time, in their own way. Just because it doesn't conform to a particular standard in this forum is a reason to sling insults and comparisons to various villains that really are evil.