SDL - Sundance Resources

nioka · 22 December 2010

Speculation regarding the future SP for SDL is just that, speculation. Until the program is fully funded it is only a guess as to what degree of dilution will be. There will be considerable dilution or considerable loans taken out. The question as to who will fund the infrastructure necessary is still not known. While the management appear to have control of the situation they are dealing with Chinese firms that will also be dealing hard for their own benefit.
I see too many posts. both here and on other forums, that are calculating prices for their shares based on maximum production, current iron ore prices and the current number of shares in SDL.
I don't want to be "party pooper" as I do hold a fair number of SDL but I'll just say that I'm happy with the current SP and I do think there is still room for improvement.

zmalecki · 23 December 2010

nioka said:
I do hold a fair number of SDL but I'll just say that I'm happy with the current SP and I do think there is still room for improvement.

Nioka, same about me.
In addition I'm in SDL since 2008, so I remember going down and up, and prices round 8c and peoples writing that SDL is sh...
For me price is excellent.
But as I wrote it is better to calculate (technical analysis) that do nothing. And regarding dilution ..... I took it into account.
And finally I'm very happy that my assumption from November that SDL will be $0.5 by DEC/JAN become a true.
Maybe other assumptions as well ...?. That would be great.
What about having great party when it achieve $5 ??

RaymondJ · 23 December 2010

nioka said:
Speculation regarding the future SP for SDL is just that, speculation. Until the program is fully funded it is only a guess as to what degree of dilution will be. There will be considerable dilution or considerable loans taken out. The question as to who will fund the infrastructure necessary is still not known. While the management appear to have control of the situation they are dealing with Chinese firms that will also be dealing hard for their own benefit.
I see too many posts. both here and on other forums, that are calculating prices for their shares based on maximum production, current iron ore prices and the current number of shares in SDL.
I don't want to be "party pooper" as I do hold a fair number of SDL but I'll just say that I'm happy with the current SP and I do think there is still room for improvement.

Yes I think your correct about SDL being speculative at this point. But Ive read just about everything I can find on SDL and they seem to have a fairly experienced board of directors, they have or are doing a deal to construct the rail line and a Chinese coy is on board to build the port facilities which will probably be used by other resource coy's in the area. I think the Chinese may be very interested in this ore deposit. In anycase I have a parcel of SDL and its been steadily going up so lets hope nothing catastrophic happens. But I do agree with you it is still Speculative. Keep up the reality talk its good to see.

LRG · 23 December 2010

zmalecki said:
Nioka, same about me.
In addition I'm in SDL since 2008, so I remember going down and up, and prices round 8c and peoples writing that SDL is sh...
For me price is excellent.
But as I wrote it is better to calculate (technical analysis) that do nothing. And regarding dilution ..... I took it into account.
And finally I'm very happy that my assumption from November that SDL will be $0.5 by DEC/JAN become a true.
Maybe other assumptions as well ...?. That would be great.
What about having great party when it achieve $5 ??

I'm in agreement - when it gets to $5, we can all meet somewhere in the world for a big celebration - Cameroon???

jonojpsg · 23 December 2010

LRG said:
I'm in agreement - when it gets to $5, we can all meet somewhere in the world for a big celebration - Cameroon???

Was wondering how you were feeling about this one LRG Is lioness feeling good too?? I think you two were heading for a cool mill when this cracked $1 weren't you? Not quite at that level but am certainly a happy camper and looking forward to some announcements to reveal how well we'll do out of this over the next 3-5 years

lioness · 23 December 2010

jonojpsg said:
Was wondering how you were feeling about this one LRG Is lioness feeling good too?? I think you two were heading for a cool mill when this cracked $1 weren't you? Not quite at that level but am certainly a happy camper and looking forward to some announcements to reveal how well we'll do out of this over the next 3-5 years

Jono,

Let me just say that at $1, I will be retired permanently!

Merry xmas to all sundancers.

jonojpsg · 23 December 2010

lioness said:
Jono,

Let me just say that at $1, I will be retired permanently!

Merry xmas to all sundancers.

Sweet!! Gotta love it when a plan comes together

ocelot · 24 December 2010

Hi I am too happy with the shareprice just wondering what is really pushing it up. It has been a considerable spike. I'm curious what other ASX miners are in the same region?

LRG · 24 December 2010

jonojpsg said:
Was wondering how you were feeling about this one LRG Is lioness feeling good too?? I think you two were heading for a cool mill when this cracked $1 weren't you? Not quite at that level but am certainly a happy camper and looking forward to some announcements to reveal how well we'll do out of this over the next 3-5 years

Yes, a few months ago at 15c I bought another large parcel via CFD's, so I am at that magic point a lot sooner than $1. a very good xmas present - see what happens today on the last day of trade before the break? The last 4 months has been fantastic for the Sundance SP!

LRG · 24 December 2010

ocelot said:
Hi I am too happy with the shareprice just wondering what is really pushing it up. It has been a considerable spike. I'm curious what other ASX miners are in the same region?

IMO it is still undervalued. It is finally in the press on an almost daily basis - even just if it is in top 5 volume or top 5 % gain.

People who are into the markets are well and truly aware of SDL now, whereas 6 months ago, it wasn't on the radar of such a large audience. Only a few (relatively) like in this forum have been accumulating since 2007 - and if like me you have been on since then, it has been a rollercoaster ride and a half! GFC, then the events of June this year - it has been challenging to keep the faith - but now finally and until 2014+ IMO it will keep heading NORTH.

tbailey · 24 December 2010

ocelot said:
Hi I am too happy with the shareprice just wondering what is really pushing it up. It has been a considerable spike. I'm curious what other ASX miners are in the same region?

Check out EQX, well ahead of SDL

tbailey · 24 December 2010

ocelot said:
Hi I am too happy with the shareprice just wondering what is really pushing it up. It has been a considerable spike. I'm curious what other ASX miners are in the same region?

EQX is also in ROC, has existing rail and deepwater port, may also benefit from SDL rail for Badondo project, SP may give indication of where SDL is heading

xenith69 · 24 December 2010

I got in wednesday and am way ahead already!
Just wish i didnt keep saying to myself,"wait till they hit 8 cents" That was when they were
11 cents)

RaymondJ · 24 December 2010

xenith69 said:
I got in wednesday and am way ahead already!
Just wish i didnt keep saying to myself,"wait till they hit 8 cents" That was when they were
11 cents)

I just sold out at 58c and the stock is still on a roll but the run appears to be backing off a bit now at around 58.5c. You should read SDL's website about brokers and analysts pricing. It has been priced at between 60c to about 78c. Im probably wrong but its approaching 60c and meybee it will backoff somewhat now. Having said that Im waiting for it to back off so I can go in again and begin accumulating again. I think the stock is mostly being driven by the Camaroon project which sofar is looking ok, but there is a long way to go on that project. Live long and Prosper

UPDATE: At close of ASX SDL was 56.5c Im hoping it backs off a little more and Ill get in again. Good luck

mr. jeff · 24 December 2010

what an amazing run, this stock never even made you question your decision to enter. That doesn't happen very often. A real Christmas present. You would have to expect a normal reaction to this sudden surge (which coincidentally is accompanied by large volume) , but who knows what news is around the corner ? I broke a golden rule and sold part of my position today on the jump without a clear reason. I guess it's better to regret missing profits - that's greed - than losing more on hope.

Congratulations all holders who have just managed to see Christmas come to their SDL stock.

I would add to your comments Raymond that now I am also waiting for a re-entry - ideally on a nice solid break of a consolidation level at around 50c. That may be my Easter of Australia Day present. Fingers crossed.

xyzedarteerf · 24 December 2010

Very good christmas present for those still holding,I am up 140% no complaints here my only regret is not buying more at .10c.

justiceotp · 24 December 2010

copy of my post at SEA in reply to a comment about an error in the news article.

Yes it is referring to SDL by mistake and if you read the SDL announcements they got a boost in share price and a speeding ticket for it. Makes you wonder if SEA would have gone up further had they been buying SEA and not SDL in mistake.
SDL announcement below. someone screwed up big time.
http://www.asx.com.au/asxpdf/2010122...2w2b3fpjb1.pdf

RaymondJ · 24 December 2010

mr. jeff said:
what an amazing run, this stock never even made you question your decision to enter. That doesn't happen very often. A real Christmas present. You would have to expect a normal reaction to this sudden surge (which coincidentally is accompanied by large volume) , but who knows what news is around the corner ? I broke a golden rule and sold part of my position today on the jump without a clear reason. I guess it's better to regret missing profits - that's greed - than losing more on hope.

Congratulations all holders who have just managed to see Christmas come to their SDL stock.

I would add to your comments Raymond that now I am also waiting for a re-entry - ideally on a nice solid break of a consolidation level at around 50c. That may be my Easter of Australia Day present. Fingers crossed.

I think you did the right thing Mr Jeff sell into a rally because most rally's back off and its impossible to pick the top, yes greed is the big problem. The sp went up to 59c at one stage but backed off in the end to 56.5c I think. Probably corporate players positioning the funds before the xmas close. Anyway glad to see people prospering.

ocelot · 25 December 2010

justiceotp said:
copy of my post at SEA in reply to a comment about an error in the news article.

Yes it is referring to SDL by mistake and if you read the SDL announcements they got a boost in share price and a speeding ticket for it. Makes you wonder if SEA would have gone up further had they been buying SEA and not SDL in mistake.
SDL announcement below. someone screwed up big time.
http://www.asx.com.au/asxpdf/2010122...2w2b3fpjb1.pdf

It was also advertised here with the Heading Sundance Soars it even has quoted SDL pricing instead of SEA....

http://www.theage.com.au/business/sundance-soars-on-oil-deal-20101224-196xt.html

I think people bought in by mistake.

Varsity Parade · 28 December 2010

I have held on to these shares for a couple of years now, looking like time to cash in, what will happen on reopen tommorow, on in the new year??

SDL - Sundance Resources

nioka

zmalecki

RaymondJ

LRG

jonojpsg

lioness

jonojpsg

ocelot

LRG

LRG

tbailey

tbailey

xenith69

RaymondJ

mr. jeff

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xyzedarteerf

justiceotp

RaymondJ

ocelot

Varsity Parade

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