SDL 0.00% 0.6¢ sundance resources limited

tax wrangles threaten cameroon mine, page-13

  1. 1,404 Posts.
    Hi,

    This is the real deal, not some media story.

    Back in the good old days people used to get a nice capital gain from selling share. Easy money. Now people are getting margin call and also their share portfolio have been wiped out by up to 50% of wealth. This is a real wealth problem. This effects the middle class, upper class( the spending part of the of an western society).

    Crashes that happen before, people used to say . "wait 3 months it will pass" and it did. This crass after 6 months it still not passed and now the market/people are getting really worried.

    Therefore with this fear and real wealth that has gone is a real problem, people are spending and it looking like 3-6 months at the earlier for this fear to break.

    For example. Look around a your furniture shops, havery norman and non essential goods shops to determine what going on. Ask the sale person and you will see how bad this really is.

    The package will take about 6 months to kick in as they are still working out "how to spend the money".

    How this effect SDL,

    Other mining operation like BHP, RIO FMG where really expensive so SDL look like a cheap option, now these share have gone down they are looking like a real option for china to invest in.

    SDL is a risk compared to these boys.

    I stress I am not saying the directors are doing a bad job, just saying this is the problems they face and hope they can over come them.


 
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