SDL - Sundance Resources
- Thread starter stockmaster
- Start date
-
- Tags
- sdl sundance resources
- Joined
- 9 November 2007
- Posts
- 499
- Reactions
- 1
Same here finally got out few weeks ago all holdings some since 2008, it will be intersting to see where this stock will go this year. I may enter again if it drops below 0.350 but will wait where she's heading in 3 months time.
When the finance deal is announced this SP will be a lot higher than the 53 it is curently trading at, but I understand your attitude its not easy investing in a company that is starting at the ground level but can be very profitable! That news was first seen in Korea where POSCO has now been granted approval to build a new steel plant.
CHEERS
It seems the market liked the latest release to the ASX. Its not even on the SDL website yet so it hit pretty late in the trading day, but the response was a bit of a kick along. I think there are a lot of buyers waiting for good news on this stock and its probably comming at the end of next month, yea yea ive heard all the delay stories but you have to expect that with a project this size. Besides that they lost the whole coy board or most of it anyway in the aircrash. Good times ahead im thinking.
CHEERS
CHEERS
I feel very lonely on this thread, anyway there is some very good buying pressure appearing for SDL today hopefully we will see a close above 0.52 currently at 0.515 as at
1415 ASX time. I cant find any current news to spur this there must be something out there.
Cheers
1415 ASX time. I cant find any current news to spur this there must be something out there.
Cheers
- Joined
- 14 December 2009
- Posts
- 882
- Reactions
- 1
Well the wait is on to see what their next move is - they have the resource but seem to be having trouble behind the scenes with negotiations and some investors who keep on buying the "contract with POSCO/Chinese/everyone else practically signed up" rumours are probably getting sick of the rise and fall and waiting for some serious concrete to enter on.
There would be a lot of people watching this thread but there is no point posting "should be news any day now....." or "price action is staying in consolidation area but about to double in the next x years..." whilst SDL is quiet.
Now watch on Monday they will make an ann. fingers crossed as they have an impressive resource to dig.
- Joined
- 30 June 2005
- Posts
- 14
- Reactions
- 0
too true... just gotta be patient with SDL.
i've held this bad boy since 2008... but mainly buying over the last 6-8 months.
waiting waiting waiting..
i've held this bad boy since 2008... but mainly buying over the last 6-8 months.
waiting waiting waiting..
Was pretty clear from the interview with MD that only news due before the end of this qtr was update of Nabeba resource - then DFS due by end of qtr. No expectation of financing or Mbalam convention now IMO until 2nd qtr - have sold down until then although if Nabeba upgrade is significant, eg another 100-200+ MT then this will probably boost SP at least short term.
Their was a story in the AFR on friday, saying that the koreans are still going around saying its a done deal, while at the same time George jones is currently in China still in negotiations. So the POSCO people may think they are in but it may also get the chinrse to make a decision soon or lose out.
I thought the article was suggesting the funding partner would be closed up by end of March - not 2nd QTR???
I am thinking that the window to get in around 50c is closing quicly and the SP will go to new high levels within 6 weeks. Looking forward to the next ride up soon!
Their was a story in the AFR on friday, saying that the koreans are still going around saying its a done deal, while at the same time George jones is currently in China still in negotiations. So the POSCO people may think they are in but it may also get the chinrse to make a decision soon or lose out.
I thought the article was suggesting the funding partner would be closed up by end of March - not 2nd QTR???
I am thinking that the window to get in around 50c is closing quicly and the SP will go to new high levels within 6 weeks. Looking forward to the next ride up soon!
If you listen to the boardroom radio interview with Giulio Casello, he pretty clearly states that the only news due this qtr is Nabeba upgrade then DFS due at qtr end. Time will tell of course - if POSCO are going to keep trumpeting on about being in the deal then as you say, the Chinese will probably make a move sooner rather than later to tie up the output. In fact, I thought it was interesting/unlikely that POSCO would get in ahead of the Chinese given that Citic are handling negotiations, and rail/port are both going to Chinese infrastructure providers??
Yeh Jono I agree - was thinking the same thing. With the chinesse signed up to likely do infrastructure etc it is hard to imagine Posco getting ahead of the chinese as the funding / equity partners / end user of the iron ore dug out of the ground.
I think there may be a game of chess going on with the share holders the ultimate winners (along with the chinese who will get the raw material for their steelworks). WIn / WIN. Still, i wouldn;t be suprised if the news comes out within the next 6 weeks.
Their was a story in the AFR on friday, saying that the koreans are still going around saying its a done deal, while at the same time George jones is currently in China still in negotiations. So the POSCO people may think they are in but it may also get the chinrse to make a decision soon or lose out.
I thought the article was suggesting the funding partner would be closed up by end of March - not 2nd QTR???
I am thinking that the window to get in around 50c is closing quicly and the SP will go to new high levels within 6 weeks. Looking forward to the next ride up soon!
I guess it depends on what you mean by 2nd Quarter. From Jul 2010 to Jul 2011 the first Q is Jul thru Sept
the 2nd is Oct thru Dec and 3rd Jan thru March. Thats if you use the Financial Calender anyway Im sure you understand that sorry if Im stating the obvious.
Oh god I hope it gets out of this range its in now in the positive, its been a long time!
The director of SDL said in an interview that the dfs and financial arangements will be conclud ed by the end of March 2011, thats what I remember anyway.
Meybee there will be a joint venture between the Chinese and Koreans. Hard to get your head around I know but just a thought, they could call the venture CHIKO or meybee ChikoSEA, any ideas on the name?
CHEERS
Iam holding a considerable number of SDL
Long time reader, first time poster, waiting patiently for some news, anyone else see article on Wuhan Iron and Steel - BEIJING, March 7 (Reuters) - Wuhan Steel (600005.SS: Quote), China's third-biggest mill, plans to produce steel overseas, its president and group chairman Deng Qilin said on Monday.
"We are in talks with a company on plans of setting up a steel plant overseas but can't disclose the company's name," Deng told reporters on the sidelines of China's annual parliament session.
He said the company had not yet signed a contract, but was working on cooperation. (Reporting by Ruby Lian and Tom Miles; Editing by Ken Wills)
Instantly I thought of SDL, anyone else think the same.
"We are in talks with a company on plans of setting up a steel plant overseas but can't disclose the company's name," Deng told reporters on the sidelines of China's annual parliament session.
He said the company had not yet signed a contract, but was working on cooperation. (Reporting by Ruby Lian and Tom Miles; Editing by Ken Wills)
Instantly I thought of SDL, anyone else think the same.
I agree with what you are saying, I would be more than happy for Wuhan just to finance etc, I just thought maybe a one stop shop kind of scenario made sense (to me anyway) only been into this share investing for a year so iits all a learning curve for me. Will wait for the next announcement - resource upgrade.
- Joined
- 8 March 2010
- Posts
- 100
- Reactions
- 0
What may relate more to SDL was the news as reported earlier this week in the Australian business section (compulsory morning reading), re China seeking to buy iron ore companies so it is not dependant on RIO, BHP and VALE. Basically China is sick of the oligopoly and wants to be able to exert it's own influence on iron ore prices.
China wants to be able to supply all it's needs in 3-5 years, without having to rely on 'foreign monopolies'.
Cheers
China wants to be able to supply all it's needs in 3-5 years, without having to rely on 'foreign monopolies'.
Cheers
I have read several articles over the last couple of months about China looking to buy up resource companies and oil companies wherever they can find them.
I did read an article the other day about one of the big miners in Africa doing a deal with a Chinese coy for Iron Ore but it wasnt SDL I think it was RIO or Xtrata or meybee BHP. Ive just gone to search for it but I cant find it again, anyway there was no reference to SDL in the article or I would have posted it.
SDL faired pretty well in the last couple of days unlike some- did you see AUT it collapsed a long way down to about 2.69 I think and finished friday at 2.80 down from about 3.15 these are approx's only.
SDL is due to release the BFS this month. Ive seen some big buyers in the last couple of weeks- very encouraging but the bots have been into it and SEA anyway heres hoping we hear something this month.
I did read an article the other day about one of the big miners in Africa doing a deal with a Chinese coy for Iron Ore but it wasnt SDL I think it was RIO or Xtrata or meybee BHP. Ive just gone to search for it but I cant find it again, anyway there was no reference to SDL in the article or I would have posted it.
SDL faired pretty well in the last couple of days unlike some- did you see AUT it collapsed a long way down to about 2.69 I think and finished friday at 2.80 down from about 3.15 these are approx's only.
SDL is due to release the BFS this month. Ive seen some big buyers in the last couple of weeks- very encouraging but the bots have been into it and SEA anyway heres hoping we hear something this month.
- Joined
- 1 October 2008
- Posts
- 186
- Reactions
- 0
AUT actually got down to $2.62. But a "collapse" or a buying opportunity? If you remember, SDL has been as high as 62c... so do the math on SDL. Two completely different companies though - so I'm not sure why you're trying to compare the two regarding share price? Oil v's Iron Ore = Apples v's Bananas
Why not compare how SDL has performed comparatively to OST (and it's an ASX100 company)? One mines Iron Ore while the other sells the result. If OST has dropped so much due to projected future sales, perhaps you should wonder what that's going to happen to SDL's share price.
OR BSL (an ASX50 company). Both OST and BSL are down 20% over the past 15 trading days... not a good sign.
AUT actually got down to $2.62. But a "collapse" or a buying opportunity? If you remember, SDL has been as high as 62c... so do the math on SDL. Two completely different companies though - so I'm not sure why you're trying to compare the two regarding share price? Oil v's Iron Ore = Apples v's Bananas
Why not compare how SDL has performed comparatively to OST (and it's an ASX100 company)? One mines Iron Ore while the other sells the result. If OST has dropped so much due to projected future sales, perhaps you should wonder what that's going to happen to SDL's share price.
OR BSL (an ASX50 company). Both OST and BSL are down 20% over the past 15 trading days... not a good sign.
Merly trying to say that SDL did pretty well compared to some other very good companies thats all friend thats all.
The SDL rally above 60c was never sustainable and it was due in most part to a mistake printed in the Australian newspaper and since retracted, they printed SDL when it should have been SEA! The reason this stock compared to OST or BSL hasnt gone down that far is probably because its not producing IRON ORE at the moment it has some other mining activities as Im sure youre aware of. And a significant portion of its current SP is due in most part to that, although I could be wrong about all this- please let me know!
P.S If I wasnt fully committed elsewhere I would have bought as much of AUT as I possibly could have but alas you are right I missed a good buying oppurtunity there
bye now
Similar threads
