cash cow which seems like a no brainer , page-31

Hi (sydney6791)

The company changed their minds on selling price since they announced it would be at ex-gate price.

If it is fact,how much iron ore have they sold?

They are saying they have had problems sourcing iron ore from others.They are counting on sourcing iron ore from others to ramp up the output of iron ore.Where will they get the extra iron ore to get to 1.5 million tonnes in two years?

Facts would include a resource figure from the two tenements.
Facts would include how much they have sold and how much they are receiving per tonne.

Never traded in my life.Would not know how to do it properly to save loosing the out-lay.

Not a trader - not an academic type,both calls are wrong.

Initially the Directors stated they had a good understanding of the resource structure and that was why they decided to sign on the dotted line to buy the two tenements.Their intention was to understand the resource structure and then be producing in six months,that was three years ago.

As far as Hanlong go,I hope they do not get to take over SDL.I have made that clear all along.

Regards
Westcott.