SDL - Sundance Resources

[LRG]

What a fantastic day for us SDL holders - NOT!

What is going on, collapsed this afternoon - low of 35.5 close of 38 cents.

Has been holding around 50c for quite a while.

SDL needs to release some good news.

a lot of people have dropped heaps of cash today obviously with stop losses going off on SDL from 45c down and pnic sell off / margin calls I suspect.

Will it go lower in the next few days??

 

[TabJockey]

What a fantastic day for us SDL holders - NOT!

What is going on, collapsed this afternoon - low of 35.5 close of 38 cents.

Has been holding around 50c for quite a while.

SDL needs to release some good news.

a lot of people have dropped heaps of cash today obviously with stop losses going off on SDL from 45c down and pnic sell off / margin calls I suspect.

Will it go lower in the next few days??

Errr is this the only stock you hold or something? the Nikkei is down 18% in 2 days man, have a look around at the other small and mid cap resources stocks at how much they fell friday and today.

Wake up, if your not attuned to the market you should just have your money in some sort of fund and check it every 6 months.

 

[LRG]

Errr is this the only stock you hold or something? the Nikkei is down 18% in 2 days man, have a look around at the other small and mid cap resources stocks at how much they fell friday and today.

Wake up, if your not attuned to the market you should just have your money in some sort of fund and check it every 6 months.

what a toss

 

[CarbonSteel]

What a fantastic day for us SDL holders - NOT!

What is going on, collapsed this afternoon - low of 35.5 close of 38 cents.

Has been holding around 50c for quite a while.

SDL needs to release some good news.

a lot of people have dropped heaps of cash today obviously with stop losses going off on SDL from 45c down and pnic sell off / margin calls I suspect.

Will it go lower in the next few days??

See here for what is happening:

http://www.news.com.au/business/bre...clear-fears-grow/story-e6frfkur-1226021951149

Gives you a good idea of worldwide market sentiment.

 

[RaymondJ]

What a fantastic day for us SDL holders - NOT!

What is going on, collapsed this afternoon - low of 35.5 close of 38 cents.

Has been holding around 50c for quite a while.

SDL needs to release some good news.

a lot of people have dropped heaps of cash today obviously with stop losses going off on SDL from 45c down and pnic sell off / margin calls I suspect.

Will it go lower in the next few days??

A lot of people will let you know how smart they are in this forum, its a pitty some good advice would be better. Carbon steel has some. Apart from Ore prices being down the whole market has been spooked firstly by the war in the middle east and then by the Quake/Tsunami in Japan. The market will come back- it had a good day today. Japan will use a lot of resources to rebuild and if it shuts down its nuclear plants it will have to use gas or some other fuel to generate power. SDL has other mining interests such as manganese and it has been waiting for the BFS (Bankable Feasability Study) to be released sometime near the end of this month, so we wait. Hope this helps
bye

 

[mel]

ANN is out!!! Resource ugrade

 

[dumadiscount]

SDL is winning like Charlie Sheen.

Glad I've been patient with SDL!

 

[RaymondJ]

SDL is lifting very nicely-up to 47 as of 1221est.
That was a big upgrade and just at the right time too putting a great base under the stock price.
Japan will need lots more ore oil and steel to rebuild and to supply power and to build the steel. If the world economy calms down a bit this could be great.
Almost restores my faith

bye now

 

[mr. jeff]

SDL is lifting very nicely-up to 47 as of 1221est.
That was a big upgrade and just at the right time too putting a great base under the stock price.
Japan will need lots more ore oil and steel to rebuild and to supply power and to build the steel. If the world economy calms down a bit this could be great.
Almost restores my faith

bye now

Yeah this is good news, SDL needed something to release, on the other hand, we already know they have a fantastic bit of dirt, what we want is to see the size of the shovel and buckets that someone is going to provide them with.

Currently sitting back in December price wise. DFS due end of March - that's 2 weeks max, plus strat partner announcement still pending, so generally the upcoming news flow could help this stock stand up (assuming that things generally settle from being outright blazingly out of control to just ridiculously crazy...)


Note chart looks like 3 days ago SDL was going to visit the south pole for while, now things have perked up with good volume.
good luck.

 

[LRG]

yes, some good news. Suspect it will hit the fin review, australian etc tmw and we will see the SP clos back thru 50 cents tmw.

Doesnt change the fact that alot of long holders got stopped out a couple of days ago with stop losses going off and no buyers forcing a low of 35.5 on the day for the vultures lucky enough to be on the buy side. 6 cents up the next day then 4 cents today that s 20% up in 2 days.
The stops hurt me on my CFD positions.
i defintitly did not see the Japan nuclear panic coming - who could!!
oh well that is life in the leverage trading game.
long term still way ahead with SDL and a lot more positive to come in the years ahead to production in 2014! just hold and ride thru the ups and downs folks.

 

[HSP1]

Does anyone know (or care to speculate) on what's with the huge volume traded today?? My ETrade account is showing Volume over 490 million (with high turnover). I am a long term holder of SDL and have never seen more than 150 mil traded in a day over the past 5 years.

 

[TheAbyss]

Does anyone know (or care to speculate) on what's with the huge volume traded today?? My ETrade account is showing Volume over 490 million (with high turnover). I am a long term holder of SDL and have never seen more than 150 mil traded in a day over the past 5 years.

Possibly Talbot Group selling?

http://www.theaustralian.com.au/bus...raded-on-the-asx/story-e6frg9no-1226024121531

 

[mel]

An article in the AFR says that Hanlong Mining bought Mr Talbots shares

 

[mr. jeff]

An article in the AFR says that Hanlong Mining bought Mr Talbots shares

I cant post the article but basically it elaborates on a Chinese co. Hanlong Mining having bought the 16% stake. (Hanlong also has a BIG holding in Moly Mines.
Hanlong want to chase SDL as fast as possible into production, so this is fantastic news with a chunk of the company locked in for the long term. The near term is looking very good for SDL. (you never know what is around the corner of course).

 

[talktome]

The Talbot Group is winding up a lot of assets, as in cashing in. I believe the correct terminology is monetizing......from memory.

Their Captain was lost last year in the plane crash and without it`s leader the Talbot Group has become somewhat of a non-motivated investor.

They have in turn passed on their SDL shares to a more motivated investor by the name of Hanlong Mining (http://www.hanlongmining.com/). Their main aim is to invest AU$5 Billion in Australian mining companies. SDL is in Africa but still Australian. They also help with infrastructure financing and financing in general in the mining sector.

I`d say their buy price of $0.44 was just lucky with the multiple-crisis in Japan affecting markets around the world.

All positive I see,

talktome





SYDNEY””Mining-investment company Talbot Group has sold a stake in iron-ore explorerSundance Resources Ltd. and plans to sell off all of its $871 million Australian dollars (US$865 million) in investments, Sundance Chairman George Jones said Friday.

Privately owned Talbot Group's investment total is from the company's 2009 annual report. The company owns stakes in numerous exploration and development companies including natural-gas developments in South America and a coking-coal mine in Mozambique.

Mr. Jones said that the large parcel of shares in the central Africa-focused iron-ore explorer, valued at A$109.9 million, that changed hands shortly before the close of the Australian Securities Exchange had belonged to Talbot Group.

"It wasn't a surprise," he told Dow Jones Newswires. "The trustees of the Talbot Group are looking to monetize all the assets. People from the estate have been consulting with me and they reached the stage where it was time to move."

Asked whether Talbot Group had sold out of Sundance or was planning other share sales, Talbot Chief Executive Shane Edwards said, "We make no comment on our businesses."

Investors had long speculated about the future of Talbot Group's investments without the leadership of Ken Talbot, the founder of Macarthur Coal Ltd. and a nonexecutive director on Sundance's board as well as a long-standing mining investor. He was killed last June in a plane crash while visiting Sundance's Mbalam iron-ore project on the border of the central African countries of Cameroon and Republic of Congo.

Talbot's stake in Sundance, equivalent to around 16% of the company, was bought for 44 cents a share by Hanlong Mining, a subsidiary of privately owned Chinese infrastructure and mining group Hanlong Group.

Peter Mansell, chairman of Hanlong Mining, said: "We have been interested in Sundance. Our ambition is to be a major iron-ore producer and this stake came up at very short notice."

Among Talbot's other investments, it is the largest shareholder of Karoon Gas Australia Ltd. Its 13.1% stake in the A$1.43 billion company has a current market value of A$193.9 million. Karoon is involved in an Australian natural-gas exploration joint venture with ConocoPhillips and has prospects in Brazil and Peru.

Talbot is also 58.9% majority owner of the Revuboe River Mine, a coal project in Mozambique which intends to produce 17 million tons a year of coking and thermal coal from 2013, with development costs estimated at US$500 million to US$600 million. Steelmakers Nippon Steel Corp. and Posco are minority partners, holding 33.3% and 7.8%, respectively.

Revuboe's land holding sits directly between the three main tenements held by Riversdale Mining Ltd., which is currently the subject of a A$4.0 billion takeover offer from Rio Tinto Ltd.

Talbot Group also holds 19.84% of Papua New Guinea-focused metals explorer Goldminex Resources Ltd., 11.7% of Indonesia-focused Robust Resources Ltd., and 10.42% of unlisted offshore oil and gas explorer Advent Energy Ltd, according to company websites and regulatory filings.

The company has smaller stakes in west African iron-ore explorer Bellzone Mining PLC, uranium explorer Berkeley Resources Ltd., and Tiger Resources Ltd. , a copper explorer based in the southern Democratic Republic of Congo.

Talbot Group last month sold its entire stake in uranium explorer Marathon Resources Ltd. for about A$13 million.

Sundance Thursday announced it had more than doubled the most-reliable "indicated" measure of hematite iron ore in its Mbalam project to 417.7 million metric tons from a previous figure of 169 million tons, largely as a result of resources on the Congolese side of the border being moved from the less-reliable "inferred" category.

Sundance said it would produce a definitive feasibility study on the project by the end of the month.

The company plans to build a 476-kilometer railway and port on the coast of Cameroon to export the ore from its inland site, needing US$3.36 billion in capital spending to reach first production in 2014.

It is currently putting the proposal to investors in China, advised by Citic Securities Co. Ltd., but Mr. Mansell said there were no immediate plans for Hanlong to fund the development.

"We would see ourselves as being a very supportive shareholder when it comes to funding infrastructure but that is several steps ahead of where we are right now," he said.

Write to David Fickling at david.fickling@dowjones.com and Ross Kelly atross.kelly@dowjones.com





http://online.wsj.com/article/SB10001424052748704608504576207913375721184.html

 

[talktome]

SDL`s newest `AU$190m` shareholder`s strategic plan Down Under.

Hanlong Mining, a privately-owned Chinese mining house, has announced a strategic plan to invest up to AUD$5 billion in Australian steel-related raw materials and agriculture and renewable energy projects.

At a business luncheon in Sydney to celebrate Hanlong Mining becoming the majority shareholder in dual-listed Moly Mines Limited, Hanlong Group majority shareholder Liu Han (Mr Liu) said the company would look to fund and develop other world-class mineral assets such as the Moly Mines Spinifex Ridge Molybdenum Project.

To an audience including representatives of major Chinese banks, Mr Liu outlined the strategy to build a $3-$5 billion major mining house to develop Australian steel-related resources and alloying agents including iron ore, molybdenum, manganese and chrome.

In addition, Hanlong Mining is examining investing in related infrastructure to bring raw materials from mine to market, to avoid supply bottlenecks in road, rail and port facilities.

Mr Liu said Hanlong has received significant support from banks for its expansion plan and is well placed to develop large-scale projects over the coming years.

Hanlong would use Australian expertise to develop projects in Australia and worldwide.

Hanlong Mining is part of Sichuan Hanlong Group, which over the past two decades has become one of the biggest private companies in China’s Sichuan Province. The company has more than 12,000 staff worldwide, with interests in mining, electricity, infrastructure, pharmaceuticals, real estate, tourism and environmental technology.

Mr Liu said Hanlong Mining was borne out of the obvious need to create truly world-class mining companies that can secure reliable and high quality mineral resources to satisfy China’s growth and demand for infrastructure and consumer products.

Mr Liu said Hanlong Mining was looking to build on its Spinifex Ridge acquisition and to significantly increase investment in Australia. The company has developed an investment strategy and commenced discussions into acquiring and developing a number of Australian mining projects.

Hanlong was also pursuing investment opportunities in Australian agriculture, solar and clean energy projects. A large-scale investment fund was being set aside for renewable energy investment. Hanlong has a strong track record of investments in solar technologies in China and plans to build on this experience with vigour in Australia.

Mr Liu said Hanlong saw that it had a responsibility to invest in technologies to create a sustainable future, to create jobs and wealth, and be at the cutting edge of new technology and be a model corporate citizen.

Hanlong Mining last week completed the settlement of a US$200 million equity and debt funding agreement with Moly Mines and both parties now look forward to working with the current Moly Mines board to develop the mine at Spinifex Ridge into a world-class asset.

In May, detailed negotiations for the US$500 million finance loan facility are expected to be completed and should be available for drawdown by 30 September 2010.

A month ago, Hanlong Mining received its final approval from China Development Bank to purchase a 55.3% stake in Moly Mines Ltd.

The Moly Mines investment adds to Hanlong Mining’s plans to become a 25% shareholder in US-based General Moly Inc.

The purchase is awaiting approval from General Moly's shareholders. General Moly has an 80% stake in the world's biggest molybdenum resource, whose reserves in Mountain Hope, Eureka, Nevada, total 1.3 billion pounds. The remaining 20% is owned by Pohang Iron and Steel Co or POSCO, a firm based in Pohang, South Korea.

General Moly also owns a molybdenum deposit in Central Nevada that has molybdenum reserves of around 500 million pounds.

At the event, the staff of Hanlong Mining Pty Ltd presented a charity donation of A$ 100,000 to the Chinese consulate for the Yushu Earthquake Disaster Relief Fund.

 

[talktome]

The Talbot Group has been selling their assets over the last several months. SDL isn`t the only company to be sold from their portfolio.

talktome



AN orderly disposal of the late mining magnate Ken Talbot's major assets has begun.

A $190 million parcel of stock he owned in Sundance Resources changed hands yesterday.

George Jones, the chairman of Sundance, a West African mining explorer, confirmed Mr Talbot's 16 per cent stake in the group had been sold for 44c a share.

Don Nissen and Shane Edwards, from the Talbot Group, would not comment yesterday.

But it is believed the US-based trustee of the late billionaire's estate is quietly selling all of Mr Talbot's major assets.

The Sundance sale follows the Talbot group selling its 19.9 per cent holding in Marathon Resources in February at 75c a share, for $13 million.

Sundance shares yesterday closed up 2c at 49c.
Since Mr Talbot's death in a plane crash last June, the trustee to his estate has been slowly unwinding the Macarthur Coal founder's $1 billion equity portfolio.

Source: http://www.heraldsun.com.au/business/talbot-sundance-stock-nets-190m/story-e6frfh4f-1226024296102

 

[CarbonSteel]

More good news for SDL shareholders from

http://www.businessspectator.com.au...es-China-mills-for-F9FXX?opendocument&src=rss

Sundance Resources Ltd is seeking Chinese investors to help fund a $US4 billion ($A3.95 billion) iron ore project in the Cameroon, west Africa, the latest company seeking to challenge the dominance of Vale, Rio Tinto Ltd and BHP Billiton Ltd in the overseas market for steelmaking's basic material.

Sundance is in talks with Chinese steel mills, the natural candidates to invest in the project given Beijing's push to consolidate domestic steelmaking and reduce its reliance on the world's three biggest producers of iron ore, said Sundance's managing director Giulio Casello said.

"A lot of Chinese steel mills simply want to secure long-term supplies of iron ore from sources other than the big boys and are willing to invest in places like Africa to do that," Mr Casello told Reuters in an interview.

China has plenty of its own iron ore. But much of it is low grade, meaning it is cheaper to import higher iron-content ore from countries like Australia, Brazil and Africa.

Vale, Rio and BHP between them control about 70 per cent of the world's seaborne-traded iron ore and Chinese companies are already buying into foreign iron ore producers.

Chinalco is the biggest shareholder in Rio Tinto and its partner in the yet to be developed Simandou iron ore project in Guinea and Hunan Valin holds 16 per cent of Fortescue Metals Group, Australia's third-biggest producer.

The first stage of Sundance's project, consisting of two separate deposits in Cameroon and neighbouring Congo, a 480 kilometre railway and a port, will yield 35 million tonnes of iron ore a year for 10 years, according to Casello.

That's still less than the production plans outlined by some of the other challengers to the sector's majors.

South Africa's AngloAmerican is aiming to double its iron ore production to 80 million tonnes a year in about three years and Fortescue wants to be mining 155 million tonnes by mid-decade.

A final study by Sundance detailing the costs and logistics of the project will be completed by the end of this month, Mr Casello said.

Private Chinese exploration company Hanlong Mining bought an additional 15.95 per cent in Sundance this week, making it the largest shareholder with 19 per cent.

Hanlong Mining is a part of industrial conglomerate Sichuan Hanlong Group, which operates across many industry sectors in China, including mining, energy, pharmaceuticals, high technology, food and beverage, industrial chemicals, infrastructure development, tourism development and real estate.

But Casello insists he is looking more for investment in the project, ideally accompanied by supply agreements and not more shareholders on the company's registry, averting the need for a big capital raising.

"We are looking for project partners, meaning they will buy into the project, secure supply and that gives us our equity contribution," he said.

Sundance has signed "memorandums of understanding" with two of China's biggest companies, China Railway Construction Corp and China Harbour Engineering Co to build rail lines and the port and has appointed CITIC to negotiate with prospective Chinese debt and equity providers, he said.

A second stage project that would replace the current operation after 10 years would cost about $US3 billion and run for 25 years, according to Casello.

"We want to lock in the Chinese supply chain and also access China's financing," Mr Casello said.

"Chinese debt financing is some of the most appealing in the world," he added.

Discussions are also underway to finalise the part to be played by the Cameroon government in the project. It has already been granted a 10 per cent equity stake and will also receive royalties on the ore, he said.

 

[Crom]

SDL seems to be in the news consistently now, also with a fair bit of speculation/rumours. All very exciting for holders, albeit the current share price!

The DFS is completed this coming week and then announced the following week.

A great stock with a very interesting background and future.

 

[talktome]

Topic: DFS Release Date

I am not sure if the DFS release date is from the government to SDL or from SDL to the market.

SDL has to look over it before it is released to the market of course so that you would think that would be from the government to SDL then.

What do you all think?

Thanks,

talktome