SDL 0.00% 0.6¢ sundance resources limited

what's going on?, page-22

  1. 206 Posts.
    “The historical work undertaken by BRGM at the Mt Nabeba Prospect in the Republic of Congo is particularly encouraging as it introduces another significant exploration target for DSO quality mineralisation. Sundance, through its subsidiary Congo Iron SA, is planning a reconnaissance mapping and surface sampling program in the Mt Nabeba and Mt Letioukbala areas during the first quarter of 2009.”

    Maybe its a good result?

    Also;

    etc etc... then *The next stage of the agreement provides for the issue of 14 million ordinary Sundance shares to Cominvest on (and subject to) the definition of *200 million tonnes of hematite reserves (as defined by the JORC Code) grading +60% Fe.*

    That's all I can find, also as a note the poster above says 300k after close, it's more like just over 1 million, though not relevant overall.

    I suspect the volume plus the SMA crossover this arvo triggered buy signal to TA's, we could have an inverted hammer although previous days make it hard to judge because of the volume, could wind up with a doji... However if commodities increase overnight and whoever is out there buying up if they continue could be a nice day tomorrow, liking the SMA crossover myself on the volume settling to about equal to close out. DYOR as they say :)
 
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