Posco agreed to jointly develop an iron ore mine in Cameroon, the Pohang, Korea-based company said yesterday. The Mbalam iron ore project is expected to produce about 35 million metric tons (38 million tons) of the steelmaking ingredient a year starting in 2014, it said.
I've been invested in SDL since 2007/8, i still have faith that it will all happen, but I sold alot of my holding last week and decided to persue other stocks. Every time I have doubted SDL...the next week they have brought out an emcouraging announcement. For me though, I have invested enough time and money, and missed enough on other stocks. I think SDL has matured enough to be a stock that you can just put some money into and not loose. Weather they get bought out, get finance or whatever...one things for sure, their resources & the project is worth alot more than their market capital.
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.
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
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!
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??
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!
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.
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...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.
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.
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