fair value?, page-58

I think people need to look at the overall market to understand why our beloved SDL SP is so low. Stop putting Sundance under the microscope to find out what is going on.

GFC (2) Europe caused the market decline resulting in in global market declines and slowdown:

AUSTRALIA

XAO overall market down 50% from 2011 high.
XJO down 50%
XMJ Materials down 62%

Materials sector Bellwether stocks:

BHP down 62%
RIO down 50%

Lower ranking stock like:

SUNDANCE down 62% from January 2011 high.

GBG even worse down 85% (was down 95%),nearly back to the 2008 extreme low.


It is not just Sundance that is suffering a SP decline, the whole market has suffered. If anything I think Sundance has held up very well given it is not even a producer, just a mere lowly explorer with a dream to one day being a major top 10 producer.


Sit back and take stock of what is really happening folks.


I say have your money ready for when the overall market turns bullish again.

BUY in DOOM and SELL in BOOM?
(Now I wonder where we are now - haha)