Hi MrBaseM
sold and all out after Hanlong collapse....took medicine and cleared head...moved into a play which i know will go higher, has far less risk and multiples more upside..no brainer..
SDL was a still $350m co after relisting from Hanlong wipe...and just a vision still...and was going to be 6 - 12 months in the wilderness i thought..we were all a bit conditioned for the $1b ++ price tag....It was insto selling and retail traders buying those first few days after hanlong..not a good sign...China will wait this thing out and get it for next to nothing potentially....theres no rush by them..theres no global issue for china if SDL produces first iron ore from 2022 and not 2018...but for SDL next 6 - 8 months is game on or game over.....thats my feel..im not trying to be bearish on it as i dont own them everyone so relax....but that was my reasoning and views and i stick to it....i hope it gets bid at 20c for you all tomorrow..
these things sometimes never recover....I had shares in another play once bandanna...big india takovers coming...got out after i think Jindal exited in the mid to low $1 range..and i hated hitting the sell button..i did and moved on...look at it now...13c...then the best coal play going on...
SDL has been a few years of wasted energy...and for others longer....not going to sit n suffer for another 1 -2 years..i watch it everyday and know some of you are still in and some of you have left the building...will pass on anything i hear..but its quiet at the station at the moment
Add to My Watchlist
What is My Watchlist?