SDL - Sundance Resources

[R Soul]

hello new member R Soul just joined with 2 posts - great name!!!

were you someone else who got banned?

just curious - why the sudden interest in SDL

I'm actually quite a civilised chap.

I know a guy who sunk heaps into this stock over the last few years (cost averaged somewhere between 7c and 70c). He says he knows a lot of big names who also have a lot sunk in this one. I threw $2k into it a few days ago as a punt.

This looks like one of those classic penny stock that (apparently) the value of the assets exceeds the market cap (according to the news, anyway).

 

[akkopower]

Looks like share price will half now?

Looks like it could fall by quite a bit. Wonder by how much the companies profits will be affected. This one is on my radar now.

Could pick up a few shares at a nice discount in the near future.

 

[Julia]

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.

Um, Miner, I've just caught up with this thread again.

Sorry, but I have to say that your post here is over the top and out of proportion when you start talking about Hitler on the one hand and Jesus on the other. That's a world away from being respectfully shocked about such a significant apparent loss of human life.

Lioness, you obviously have a huge stake in this company so I hope for your sake (and the company's) any effect on the sp will be short lived.

I'm amazed that so many of the Board travelled on the one small plane.
If they are dead (and it's now becoming difficult to imagine anything else), there will be other people who can step up to managing the company, so probably the outlook won't be as bleak as you might be imagining.

I can't begin to imagine how the families of the missing must be feeling, and other company employees.

 

[UMike]

I'm sorry, but it has been confirmed. No survivors

http://www.abc.net.au/news/stories/2010/06/22/2933183.htm

Sincere condolences to all those affected.

 

[Bushman]

I'm sorry, but it has been confirmed. No survivors

http://www.abc.net.au/news/stories/2010/06/22/2933183.htm

Sincere condolences to all those affected.

Terrible news and a sad loss for the exploration industry. RIP to the executives and my thoughts with their families.

 

[TheAbyss]

Looks like it could fall by quite a bit. Wonder by how much the companies profits will be affected. This one is on my radar now.

Could pick up a few shares at a nice discount in the near future.

What profits? SDL were still in exploration stage i thought.

The Talbot Group will struggle to cope as would any company who loses such a visionary. Talbot was a rare breed and will be missed at all levels from both a personal and business perspectives.

As far as the companies Talbot Group invested in, SDL will be hit the most and may never recover as whilst no individual is irreplaceable, some are very hard to replace.

The link below to their latest report has a page which lists all of their current holdings.

http://www.sundanceresources.com.au/media/27354/quarterly activities report marc h 2010.pdf

Good luck to all concerned here.

 

[R Soul]

As far as the companies Talbot Group invested in, SDL will be hit the most and may never recover as whilst no individual is irreplaceable, some are very hard to replace.

.

A mining major could pick this one up and run with it. BHP, for instance has the intellectual firepower and depth in its management structure to take this one on as a 'project'.

 

[R Soul]

Ex-BHPB man with experience in African operations:

http://www.theaustralian.com.au/bus...ining-executives/story-e6frg9df-1225882690770

As well as the support team:

chief financial officer Peter Canterbury was named acting chief executive. The company said yesterday it had appointed strategic advisers to help it over the crisis.

If Gilbertson is able to appoint some high-profile management then it would be an indication of the future prospects of this stock. Top managers are attracted to more certain success like bees go to the honeypot.

 

[Bolle]

This is so very tragic. My most sincere condolences to their families and friends.

I just read that the families may have to wait weeks to be able to bury their dead, due to red tape and search times and all that. How very frustrating at such a sad time.

 

[lioness]

Ex-BHPB man with experience in African operations:

http://www.theaustralian.com.au/bus...ining-executives/story-e6frg9df-1225882690770

As well as the support team:


If Gilbertson is able to appoint some high-profile management then it would be an indication of the future prospects of this stock. Top managers are attracted to more certain success like bees go to the honeypot.

Gilbertson is talking about Jupiter mines, not SDL. Come on read things before commenting please Rsoul.

I am happy with George Jones being there and hate to say it, but after 1-2 months they will have appointed top class professionals and life goes on for SDL. Best thing they can do is finish the project for their legacy that their efforts have not been wasted in vain.

 

[lioness]

A mining major could pick this one up and run with it. BHP, for instance has the intellectual firepower and depth in its management structure to take this one on as a 'project'.

Would these majors not buy as it may be seen to be in bad health to buy it when they are vulnerable?? Maybe/maybe not. An offer of 20 cents for the lot would do it.

 

[bleach8]

Would these majors not buy as it may be seen to be in bad health to buy it when they are vulnerable?? Maybe/maybe not. An offer of 20 cents for the lot would do it.

the shs wont approve the offer of 20c in my opinion.

George Jones will ask shs apprvol to rebuid the board, will SDL be traded before the new board is formed?

 

[lioness]

the shs wont approve the offer of 20c in my opinion.

George Jones will ask shs apprvol to rebuid the board, will SDL be traded before the new board is formed?

Not sure bleach, probably will as once they have George Jones on board, should be life goes on for SDL.

The Cameroon govt have already said, the project will continue, so probably an initial fall to 10 cents and then recover back to 13 or 14 within 1 month.

Life goes on Bleach. So will greed and fear.

 

[trainspotter]

Still shaking my head as to why so many of the board were on the one plane? Yes I understand that the two Chinese investors are very important people and they have to be impressed with having ALL the suits available to them. Any intel anybody? Afterall it was against company policy for the entire executive to travel on the same plane.

 

[bleach8]

what 2 chinese investors?!?!? bla bla bla ....

i am still waiting on an announcement as whether they will lift the trading halt tomorrow... i guess no

 

[newbie trader]

Still shaking my head as to why so many of the board were on the one plane? Yes I understand that the two Chinese investors are very important people and they have to be impressed with having ALL the suits available to them. Any intel anybody? Afterall it was against company policy for the entire executive to travel on the same plane.

They couldn't use their own jet apparently so they ditched the company policy and all boarded that plane. I think the UN had banned its personel from traveling on that specific carrier also. When you think about it whilst people are sometimes anxious about flying they never actually think that the plane will crash. Just unlucky in the end. A tragic loss.

 

[lioness]

Still shaking my head as to why so many of the board were on the one plane? Yes I understand that the two Chinese investors are very important people and they have to be impressed with having ALL the suits available to them. Any intel anybody? Afterall it was against company policy for the entire executive to travel on the same plane.

Just shows you that all the smarts and the money in the world cannot save you from one dumb move.

Even the risk consultant to the company, Jeff Duff, was on the plane and his job is to let the board know the risks to the company and manage them. Isn't that ironic.

Of well, bright side it this will speed up any government red tape now as they will be sympathetic and wish to leave a legacy to those who died.

 

[lioness]

what 2 chinese investors?!?!? bla bla bla ....

i am still waiting on an announcement as whether they will lift the trading halt tomorrow... i guess no

Bleach is correct, there was no chinese investors involved. The project seems doomed to never get off the ground now.

I may sell once it recovers to 13 cents and move on.

This share is depressing me.

 

[trainspotter]

Not sure of the facts about the 2 Chinese Investors? Rumour mongering by the press again no doubt? Apparently the airstrip at the mine could not accomodate Ken Talbots plane so they decided to go in the one plane? Have they not learned from previous experiences ie Buddy Holly, Ritchie Valens and the Big Bopper for one, Lynyrd Skynyrd for two, United States Figure Skating Team 1961 Sabena Flight 548 for three ....... I wont go on. Don't put all your eggs in the one basket?

 

[bleach8]

Bleach is correct, there was no chinese investors involved. The project seems doomed to never get off the ground now.

I may sell once it recovers to 13 cents and move on.

This share is depressing me.

Of well, bright side it this will speed up any government red tape now as they will be sympathetic and wish to leave a legacy to those who died.

..u started the two personalities thing again!?

i guess we need to be critical about the project ... i guess at the moment, SDL still has a group of very experienced managers ( i.e. re their last QR). and the new board will ensure everything is still on the track and keep updating SHs about it.

on the down side, the project will be delayed again..maybe another 2 moths ...the Cameroon will want this project to start for sure ... at least SDL still a take over target ...considering how much Rio and Vale pay for similar project in Africa , SDL should still worth a lot 2 Billion for 100% at least.

So, we just have to believe in the management and atm the new Chairman ...also need to believe in the potential of the project ..

Deepest heart felt Condolences to all relations of this tragedy.