SDL - Sundance Resources

[LRG]

how do you do that thing when you take a previous comment and put QUOTE arond it??????

 

[Joe Blow]

how do you do that thing when you take a previous comment and put QUOTE arond it??????

Learn all about the quote tags here: https://www.aussiestockforums.com/forums/showthread.php?t=2737

 

[RP_Automotive]

Hi all,

THe next week or so will be very interesting to see if management can stick to the timeline. My belief is that they will be able to (and will) stick to all of it except the financing, that is the only real question mark in the whole thing. It will be good to see some more drilling results to 'keep our mouths wet' which I think will be due out soon aswell.

 

[thestevo888]

hey guys,
No doubt a noob question, but with regards to the share consolidation mentioned by Springhill, how do people see this playing out? ie, good or bad for share price? I read a thread on the forum about consolidations which basically seemed to cast them in a negative light... any thoughts?
thanks in advance.

 

[nioka]

hey guys,
No doubt a noob question, but with regards to the share consolidation mentioned by Springhill, how do people see this playing out? ie, good or bad for share price? I read a thread on the forum about consolidations which basically seemed to cast them in a negative light... any thoughts?
thanks in advance.

Traders generally don't like consolidations after the initial period where they trade on the uncertainty of the SP. To long term investors they have some advantages.
The disadvantage for traders is the fact that it requires larger price swings to reap the same percentage. However the advantage for investors is tied to the fact that some stable long term funds that have rules that prevent them buying stocks priced at under $1 are able to purchase those stocks after a share consolidation that brings the SP into their price range.

So as I see it; bad for traders, good for long term investors. Therefore often not so good short term but good long term.

 

[thestevo888]

Thanks, Noika - that makes sense. This seems to be a company to stick with long term, so good news for those that do I just wish I could afford to buy more - the fundamentals of this company seem pretty impressive.

 

[Johnny Utah]

Some positive news just came out then my fellow SDL holders!! Hopefully we will get some solid SP improvement?!?!

8 September 2010
ASX/ MEDIA RELEASE
MBALAM PROJECT MOU WITH CHINA RAIL – AFRICA
CRCC China-Africa Construction Limited (“CAC”) and Sundance Resources Ltd (“Sundance”) are pleased to announce that they have entered into a Memorandum of Understanding (“MOU”) to establish the scope, cost and delivery programme for the railway track and rolling stock needed to support Sundance’s Mbalam Project in Cameroon and Congo, West Africa.
The MOU was signed for CAC by its Chairman, Mr Chen Xiaoxing and for Sundance by Board Chairman, Mr George Jones.
The MOU commits the Parties to work together to establish:
 Scope, cost and programme for delivery of track and rolling stock sufficient to support planned output of 35m.t.p.a. of iron ore from Sundance’s proposed Cameroon and Congo Mines (“Mine Rail Project”); and
 Terms of EPC Contract under which CAC would deliver the Mine Rail Project.
At the conclusion of that work the Parties may enter into a Delivery Contract for the Mine Rail Project. Neither Party is bound to enter into the Delivery Contract if it is not prudent to do so.
The MOU recognizes that the Mine Rail Project will be integral with the Mine Project itself and the Lolabe Port Development Project.
The MOU also recognizes that the Rail, Mine and Port Projects are subject to a range of conditions precedent including government approvals, funding and title requirements for the rail corridor and other assets.
Page | 2
Sundance Chairman, Mr. George Jones, said:
“This is a key milestone for the Mbalam Project. I’m delighted to have reached this agreement with CAC. Their depth of experience and strong presence in the region and the vast resources of their parent corporation, China Railway Construction Corporation Limited, give us great confidence in the outcome. I understand that our colleagues at CAC already have a team of more than 30 people underway on this task.”
CAC Chairman, Mr. Chen Xiaoxing, said:
“We are glad to reach this agreement with Sundance and will bring all our experience and technology to this project. Our highly-skilled engineers, artisans, financial experts and construction specialists will work on this project.”
CRCC China-Africa Construction Limited was established earlier this year to consolidate the activities of its parent, China Railway Construction Corporation Limited (“CRCC”) in Africa. CRCC’s engagement with Africa now spans over four decades.
ENDS

 

[LRG]

Jonny,

You beat me to it - just saw the news on ASX after wondering why there has been 40M+ shares traded today.

This is a great milestone!

"Let the pigeons loose" - hopefully this will hit the business newspapers around the country tomorrow and we will see some SP growth finally for all us patiently waiting for this complex project to get moving.

Lioness - are you still holding - you have gone quiet of late?

 

[The Muffin Man]

It's great news. Nothing is guaranteed, but you would have to think that the Chinese have done some serious homework on this already, and that discussions are already advanced if a MOU has been signed. MOU's don't get signed after the interested parties only have a look at the project for a day or two.

The MOU might also have the effect of moving along the mining permit applications and mining conventions. I think the respective Cameroonian & Congolese Governments would be much more inclined to sign off on these measures with a MOU in place with a powerhouse partner.

It's going to be a hugely interesting run to Christmas I think, I hope our patience is well rewarded!

 

[jonojpsg]

Yep, just posted this in Potential Breakout thread as well because IMO it is going to run from here.

This is for one main reason - the fact that traders and holders have been waiting so long for some/any news that now there is some and it is positive, it will unleash the pressure that has been building in the minds of many (myself included, and maybe I'm projecting so take this all with a big grain of salt) and I reckon people will start buying in earnest.

Seriously though, we've all seen the numbers run in this thread before, and SDL should/will be valued at more like $1 if they sign up partners and finance and start construction next year. That leaves a big run UP over the next 6-12months

 

[laurie]

One major plus for me is that the Greens & Labor will not get one cent from the MRRT from this company

laurie

 

[springhill]

One major plus for me is that the Greens & Labor will not get one cent from the MRRT from this company

laurie

Spot on, i think we will see alot of movement in price and volume to overseas mined operations. Already noticed it in a couple of my holdings and watchlisted companies today.

 

[lioness]

Yep, just posted this in Potential Breakout thread as well because IMO it is going to run from here.

This is for one main reason - the fact that traders and holders have been waiting so long for some/any news that now there is some and it is positive, it will unleash the pressure that has been building in the minds of many (myself included, and maybe I'm projecting so take this all with a big grain of salt) and I reckon people will start buying in earnest.

Seriously though, we've all seen the numbers run in this thread before, and SDL should/will be valued at more like $1 if they sign up partners and finance and start construction next year. That leaves a big run UP over the next 6-12months

Yes, I am still in this and have been for 5 months. I exoect this to surge now as we have not even started to release the real news. We all know the masters have been accumulating here for the last 2 years and now will unleash momentum like no tomorrow.

I expect 50 cents by years end with $1 by 6 months time.

This has potential to be another FMG and within 2 years we will know what we are.

If it hits 70 cents, I will be a millionaire once again.
GO SDL.

 

[Joe Blow]

I expect 50 cents by years end with $1 by 6 months time.

Lioness,

Price targets must be accompanied by analysis. Please explain why you expect SDL to reach these price targets in the timeframe you have suggested.

 

[sorcar]

Its been up to around the 90c in the past - it may not necessary hold such a price, but I wouldnt be surprised if it reached there purely on investors excitement.

I've been watching this back since 2007 and only recently had a another look at it. Im not holding atm - just quietly watching waiting for a nice price to jump in.

I just dont know where this price is going, I hoping that it will slow down a bit.

I wonder how many people still hold old stock above 30c?

 

[RP_Automotive]

sorcar: I'm in a similar boat to you, been constantly in & out of this stock since 2006ish. It's difficult to say where it might go, my honest opinion is that if there are no more announcements in the next month that it could settle around 18-19c. On the other side, if the mining permits, another MOU and/or some drilling results come out, we could be anywhere. I'm extrememly greateful that my current holding is averaged @ 11.8c, I too held shares @ 40-60c in the past and I imagine there are some who are still waiting to 'get even', and I wish them all the best

 

[sorcar]

I watched back in 2007 but never held - it was on my watch list.

There is a lot of recent holders in the 13-19c mark which i also think in a several weeks could go back down if it is quiet. But like you said, I could also see it jumping to 50c if positive news comes out.

 

[The Muffin Man]

I'm personally hoping that we hear news come from Cameroon that the Mining Permit has been granted. This will further de-risk the project. Going by the timeline, that was supposed to come by the end of October, not that I'm complaining with the MOU announcement! We should also see some drilling results soon I would think, as all drills have been up and running again for some time now. Nabeba South hadn't been explored at the time of the last resource announcement, so it's not unthinkable that we might get a DSO upgrade at some point.

Very exciting times ahead I think.

 

[CarbonSteel]

I'm personally hoping that we hear news come from Cameroon that the Mining Permit has been granted. This will further de-risk the project. Going by the timeline, that was supposed to come by the end of October, not that I'm complaining with the MOU announcement! We should also see some drilling results soon I would think, as all drills have been up and running again for some time now. Nabeba South hadn't been explored at the time of the last resource announcement, so it's not unthinkable that we might get a DSO upgrade at some point.

Very exciting times ahead I think.

With ya there Muff!

So glad I never scratched that often present itch!

Also there seems to be some natural justice. Those fine men did not die in vain. I truly believe their mishap contributes to the betterment of SDL. What now happens is honouring them and is enhanced by Mr Jones, I think. Actually, the whole team should be recognised for their abilities and efforts, in my opinion.

 

[TabJockey]

Can anyone give any opinion of the directors?

Interested in buying at around 20c but dont want to contribute to a slush fund.

Last quarter cash flows indicated 10 million spent on exploration and 8 million spent on administration. Is it normal for administration to take up 44% of expenses at this stage of development? I know you need a lot of cash lubricant in a country like Cameroon .