SDL - Sundance Resources

RaymondJ · 29 December 2010

ocelot said:
It was alsoI 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.

Yes I saw your post after I sold sdl at 0.58. Thanks for the heads up! I was watching the stock pretty closely when the rally occurred and there were some big players in there. So the question is are we going to be watching SEA and SDL to see what happens on open this morning? Could be very interesting!
tks.

adobee · 29 December 2010

RaymondJ said:
Yes I saw your post after I sold sdl at 0.58. Thanks for the heads up! I was watching the stock pretty closely when the rally occurred and there were some big players in there. So the question is are we going to be watching SEA and SDL to see what happens on open this morning? Could be very interesting!
tks.

Hahaha what a joke the media commentators are.. They have jack all knowledge of one company or the next..

I think you will find these articles had little impact on SDL.. it is heading upwards on its own.. Great news for SEA which is also quality but those throwing a couple of hundre thousand to a million at SDL would be vary aware of what & where SDL is and what news they are awaiting at the moment..

ocelot · 4 January 2011

An interview with George Jones from Sundance I am wondering if the interview is old as he mentions 1st quarter of next year to announce a paternership. Even thought its up 7% today..

http://www.theaustralian.com.au/business/mining-energy/sundance-saviour-keeps-the-faith-in-honour-of-lost-board/story-e6frg9df-1225981245790

tbailey · 5 January 2011

DJ Newswires
Global spot prices for iron ore are set to reach an all-time average high in 2011, beating the previous record set in 2008, during the last commodities boom, a global price provider said Tuesday.

Market expectations are that the average annual spot market price this year will rise to $153 to $154 a metric ton of iron ore fines with 62% iron content, delivered to China, from $146.70 in 2010, said a London-based reference price supplier. The expected 2011 average will exceed the average of just below $150 a ton in 2008, according to Randall. While spot iron ore prices towered to their highest ever at more than $200 a ton in March 2008 during the commodities boom, the 2008 average was brought down by lower prices later that year after the global financial crisis hit.

"The key factors for this year are higher steel output and steel prices," said Randall in an interview. "Steel production in China will be stronger for the next few months. Steelmakers in the rest of the world are still recovering from the crisis, they're not yet back to their 2007-8 levels. In the U.S. mills are now putting up their steel prices like crazy."

According to the Brussels-based World Steel Association, global crude steel output rose 5.1% in Nov. to 114 million tons, from the year before, but was still below historical levels, indicating further output recovery is on the way. Global steel demand is expected to improve by 5% in 2011.
Iron ore supply hasn't yet responded to higher demand levels, which could put upward pressure on iron ore prices, Randall said.
"New iron production capacity will come on stream only at the end of 2011, in both Brazil and Australia," he said.
In addition, India's continued ban on iron ore exports from Karnataka state, designed to preserve supplies for domestic steelmakers, has also pressured supplies,
according to the price provider. Brazil, Australia and India are the world's three biggest iron ore exporting nations.

Spot iron prices rose 90 cents Tuesday to $171 a ton, making for a $6 increase in the past month, according to The Steel Index.

tbailey · 5 January 2011

More and more provinces in India are beginning to restrict iron ore exports for reallocation to domestic use.

This will add further pressure to iron ore prices, especially at a time when China is about to accelerate their demand for the mineral!

We will see more and more of this in 2011 as the international iron ore price rises!

Press Trust of India / Bhubaneswar January 04, 2011, 20:47 IST

OMC to reserve 70% iron, 80% chromite ore for local units

In a bid to ensure uninterrupted supply of raw materials to industry in the state, the Orissa government today asked Orissa Mining Corporation (OMC) to reserve 70 per cent of the iron ore and 80 per cent of the chromite ore excavated from its mines for local units.

This was decided at a high-level meeting chaired by State Finance Minister Prafulla Ghadai and attended by Steel and Mines Minister Raghunath Mohanty, besides other senior officials, including Chief Secretary B K Patnaik.

The meeting was held in the wake of certain industries expressing displeasure over the state government's inability to provide adequate raw materials to them, even as it exported the bulk of its mineral output to other states and abroad.

OMC, which has a total of 35 iron ore and chromite mines, will henceforth reserve 70 per cent of its iron ore lumps and 80 per cent of its chromite ore output for industries within the state, said Mohanty.

However, the state-owned company is still free to export 70 per cent of its output of iron ore fines to other states and even abroad, as the state's budding steel industry does not have the required technology for the use of the fines, Mohanty said.

Industrial units in the state -- mainly those producing sponge iron and cast iron -- recently met Chief Minister Naveen Patnaik and said they would go out of operation unless the government came to their rescue.

A proposed ban on the export of iron ore in view of the growing requirement of the steel industry in the state was also discussed at the meeting. The state has only 5,074.945 million tonnes of iron ore, half of which can be mined, they said.

However, no decision could be taken on the proposed ban at the meeting, Mohanty told PTI, while adding that the state government has given priority to its policy of value addition.

Mohanty also said most of OMC's mines were either closed or suspended after it failed to garner statutory clearances from the Ministry of Environment and Forests.

http://www.business-standard.com/in...ron-80-chromite-ore-for-local-units/121081/on

RaymondJ · 5 January 2011

tbailey said:
More and more provinces in India are beginning to restrict iron ore exports for reallocation to domestic use.

This will add further pressure to iron ore prices, especially at a time when China is about to accelerate their demand for the mineral!

We will see more and more of this in 2011 as the international iron ore price rises!

Press Trust of India / Bhubaneswar January 04, 2011, 20:47 IST

OMC to reserve 70% iron, 80% chromite ore for local units

In a bid to ensure uninterrupted supply of raw materials to industry in the state, the Orissa government today asked Orissa Mining Corporation (OMC) to reserve 70 per cent of the iron ore and 80 per cent of the chromite ore excavated from its mines for local units.

This was decided at a high-level meeting chaired by State Finance Minister Prafulla Ghadai and attended by Steel and Mines Minister Raghunath Mohanty, besides other senior officials, including Chief Secretary B K Patnaik.

The meeting was held in the wake of certain industries expressing displeasure over the state government's inability to provide adequate raw materials to them, even as it exported the bulk of its mineral output to other states and abroad.

OMC, which has a total of 35 iron ore and chromite mines, will henceforth reserve 70 per cent of its iron ore lumps and 80 per cent of its chromite ore output for industries within the state, said Mohanty.

However, the state-owned company is still free to export 70 per cent of its output of iron ore fines to other states and even abroad, as the state's budding steel industry does not have the required technology for the use of the fines, Mohanty said.

Industrial units in the state -- mainly those producing sponge iron and cast iron -- recently met Chief Minister Naveen Patnaik and said they would go out of operation unless the government came to their rescue.

A proposed ban on the export of iron ore in view of the growing requirement of the steel industry in the state was also discussed at the meeting. The state has only 5,074.945 million tonnes of iron ore, half of which can be mined, they said.

However, no decision could be taken on the proposed ban at the meeting, Mohanty told PTI, while adding that the state government has given priority to its policy of value addition.

Mohanty also said most of OMC's mines were either closed or suspended after it failed to garner statutory clearances from the Ministry of Environment and Forests.

http://www.business-standard.com/in...ron-80-chromite-ore-for-local-units/121081/on

Thanks for the article I didnt see that one. This companies prospects just keep getting better. I bought some more today. Were you watching that run today, just breathtaking.
Anyway thanks for the article keepem coming and good luck

RaymondJ · 10 January 2011

Im not sure on this but I think there are people attempting to short SDL often. What does anywone think?

thestevo888 · 11 January 2011

RaymondJ said:
Im not sure on this but I think there are people attempting to short SDL often. What does anywone think?

I'm not sure but gee it took a hammering today for no apparent reason... no news is not always good news, I suppose - a few words about the mbalam agreement or offtake partners, etc, would be most welcome... still, this sp will only be a memory once we hit the end of march (in my very uneducated newbie's opinion.)

RaymondJ · 11 January 2011

Have a look at this article from the Bloomberg news sight.
Its about Chin's need for iron ore and iron ore comming from Africa by ship!!

Enjoy

Bloomberg

Chinese Iron Ore Imports May Rise 47%, Kumba Says (Update2)
April 15, 2010, 11:53 AM EDT
More From Businessweek
Rio Tinto Says China Took 70% of Its Iron Ore Exports in 2009
Rio Tinto Offers to Buy Back $2.5 Billion of Notes
China Restricts Imports by Iron Ore Traders, Credit Suisse Says
India May Raise Iron Ore Export Tax to 20%, Secretary Says
China to Further Regulate Iron Ore Trade, Association Says
Story Tools
e-mail this story print this story 0diggsdiggadd to Business Exchange (Adds closing shares in final paragraph.)

By Carli Lourens

April 15 (Bloomberg) -- Chinese imports of iron ore by sea may rise 47 percent this year compared with 2008 levels as steel production increases and domestic output of the raw material falls, Johannesburg-based Kumba Iron Ore Ltd. said.

“There is strong demand in China, Japan and Korea,” Chief Executive Officer Chris Griffith said today at the Sishen mine in South Africa. That may counter weaker demand in the “next couple of quarters” in Europe, where consumers have built up stockpiles on expectations of rising iron ore prices, he said.

Production of ore in China, the world’s largest buyer of the steelmaking ingredient, may drop 5 percent this year from 2008, according to Kumba. Rio Tinto Group, the second-largest iron-ore exporter, said it’s boosting output of the material to take advantage of higher prices and increased Chinese demand, today forecasting an 8 percent gain in 2010 production.

Kumba, Africa’s largest iron ore producer, plans exports of about 47 million metric tons a year by 2013 and production of 70 million tons by 2019, from about 42 million tons in 2009, the company said in a presentation posted on parent company Anglo American Plc’s Web site. Unit costs may increase 15 percent in 2010 as wages and fuel prices rise, Griffith said.

Kumba rose 4.10 rand, or 1.1 percent, to 380 rand by the close of Johannesburg trading, valuing the company at 122.2 billion rand ($16.7 billion).

--Editors: Tony Barrett, John Deane

RaymondJ · 12 January 2011

I found this short article on a news sight from Credit Suisse Bank

Iron ore may reach US$ 250 a ton, says Credit Suisse
Investment bank Credit Suisse released today a report forecasting that iron ore prices will rise an average 21% this year and may jump to a new record. From the average US$ 147 a ton in 2010, spot prices will likely average US$ 178 a ton this year, analysts at the bank wrote. They highlight that supply failures may happen, which could even make prices reach US$ 250 a ton in the second quarter of 2011.

Prices might drop in the second half of the year as new mines and suppliers are likely to enter the market. A jump in iron ore prices this year will hurt steel producers already facing a surge in costs for coking coal as floods in Australia curb supplies.

Publicado em: 7/1/2011 16:53:00

nioka · 12 January 2011

RaymondJ said:
I found this short article on a news sight from Credit Suisse Bank

Iron ore may reach US$ 250 a ton, says Credit Suisse

Not a lot of help for SDL. Probably the reverse. It allows those trading now to write down their plant and equipment and build up big reserves so that they will be able to undercut the late arrivals like SDL. Nothing like being in business during the boom times. If it wasn't for capital gains tax I'd swap my SDL for TTY who are getting spot prices for iron ore.

RaymondJ · 13 January 2011

nioka said:
Not a lot of help for SDL. Probably the reverse. It allows those trading now to write down their plant and equipment and build up big reserves so that they will be able to undercut the late arrivals like SDL. Nothing like being in business during the boom times. If it wasn't for capital gains tax I'd swap my SDL for TTY who are getting spot prices for iron ore.

Well I had a look at the TTY chart and its going down so if you wait a bit longer you might get it at a good price. Unless somebody comes up with a substitute for iron ore and China collapses the prices should be good in 2012 which is hopefully when SDL will start digging for the ore. Theres been good interest in SDL the last couple of days! SEA seems to be building for a run as well after the work update on tuesday.

Good luck Bye now

jonojpsg · 13 January 2011

RaymondJ said:
Well I had a look at the TTY chart and its going down so if you wait a bit longer you might get it at a good price. Unless somebody comes up with a substitute for iron ore and China collapses the prices should be good in 2012 which is hopefully when SDL will start digging for the ore. Theres been good interest in SDL the last couple of days! SEA seems to be building for a run as well after the work update on tuesday.

Good luck Bye now

Sorry Ray, there is NO chance of SDL mining ore in 2012!! They first have to build a 400km railway through some of the deepest darkest jungle in Africa

nioka · 13 January 2011

RaymondJ said:
Well I had a look at the TTY chart and its going down so if you wait a bit longer you might get it at a good price. Unless somebody comes up with a substitute for iron ore and China collapses the prices should be good in 2012 which is hopefully when SDL will start digging for the ore. Theres been good interest in SDL the last couple of days! SEA seems to be building for a run as well after the work update on tuesday.

Good luck Bye now

Like all charts it is a record of the past. The past was full of bad deals, suspect management and near financial collapse. They have had huge debt burdens but a white knight came to the rescue. They will soon be out of debt through obtaining high spot prices and if those spot prices continue then there should be a good sized positive cash flow in the next few months. Chartists will soon be calling "breakout" on TTY.

SDL are a long way off digging ore. There will be a deal of dilution one way or another funding SDL to production. Not that I have my SDL holding for sale but I am not as hopeful of massive returns as are some. (Particularly the overenthuastic HotCopper posters.)

All my opinion only. DYOR.

RaymondJ · 14 January 2011

Where did I get 2012 from Ive read all the info and news on this stock??
Thanks for the correction.
I like this site it has so many knowledgeable people visit.
Thank you both for the correction I will continieu to hold SDL but for the long term huh.

P.S. Like you I am not a chartist Ive been through that stage. But I do like to look at how the share price has been performing plus I read all the news articles, comments, information and I study the balance sheets and try and get a feeling for the directors. Anyway good luck bye for now

RaymondJ · 20 January 2011

Lots of buyers trying to get in cheap on SDL Today this is looking pretty good at the moment.

harbiden · 21 January 2011

It passed the $0.50 mark today and seemed to be continuing to fall with no news about it. Anyone has any prediction?

ocelot · 21 January 2011

There is a downward trend happening I can't explain it. However the stockmarket is generally flat at the moment. Thats the thing with small cap stocks very unpredictable.

RaymondJ · 21 January 2011

harbiden said:
It passed the $0.50 mark today and seemed to be continuing to fall with no news about it. Anyone has any prediction?

Did you read the news article released to the ASX. Basically I think it was pretty much a rehash of the main presentation. If you want to profit from this stock you might have to hold it till sdl reaches another milestone in their negotiations for finance etc. Anyway Im still holding, their has been a lot of big interest in it in the last few days I saw one trade go through for 3,500,000 approx. Anyway apart from that I think people are targeting this stock for short selling but thats just my opinion. Ok thats all the news I have.
bye

harbiden · 21 January 2011

ocelot said:
There is a downward trend happening I can't explain it. However the stockmarket is generally flat at the moment. Thats the thing with small cap stocks very unpredictable.

I guess there will be some good profit opportunities for some!

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