who went to the perth meeting, page-15

I am just reading between the lines here, and stating some of the obvious, but there are some things that give me confidence in SDL.

First of all, is the fact that Talbot was quick to inject another 5 million, and didnt appear to have any hesitation. One could safely assume that Talbot knows more then the average share holder, particulary in regards to the securing of a financial partner.

Although they have had to raise funds from shareholders, in order to see them through until 2010, to me it comes across as though they are happy to take their time in securing a financial partner, as they want to make sure that they get the best deal. Although shareholders are somewhat nervous and some panicking about not being able to secure a financial partner, I have not seen any of this portrayed through the Chairman, the Chief Executive or their major shareholder. It also appears that SDL are playing the game, as though they have the upper hand. If they were desperate to find a backer, one would imagine that they would do whatever they could to secure a backer, and take the first offer that comes their way. I think that they would have learnt from the first deal falling through, and they are making sure the same mistake doesnt happen again.

Originally they stated that the CAPEX would be $US3,277m this includes $US1,423m for the railroad. Over the last few months however, there have been numerous reports that a number of companies would be interested in developing a railroad and port. Building a 500km railroad and the associated costs are some of my main concerns, however it doesnt appear to be an issue for SDL. I am also yet to hear SDL come out and say that they expect the CAPEX to be reduced, because they believe costs of the rail and port will be shared. One would have thought that if they were desperate to secure a backer, that this would be one of the first things they point out, yet they dont seem to be too worried, which suggest they are quietly confident of securing a backer, and still have a couple of aces up their sleeve.

They are talking about consolidating shares. Why would they be concerned with this, if they are not confident of finding a backer?

The Chairman, Chief Executive and Major Shareholder, all seem to have a quite confidence about themselves and SDL.

On top of this comes my most solid indicator. About a year ago, my girlfriend went to a respectable and well known physcic (Well as respectable as you can get, she does work with the police force and stuff). My girlfriend asked about our investments, and amongst the general stuff, the physcic just rattled off, your boyfriend is going to be buying shares shortly, and he is going to do quite well for himself, "Perth, Iron Ore, SUNDANCE SUNDANCE", then she just moved onto the next topic.

Now I am the most sceptical person in the world, but the session was recorded on a CD, and a number of things have been proven correct since. Although I am a mug, I wasnt a big enough mug to buy just on the say so of some old lady wearing a towel on her head, but after doing my research a lot of what she said started to make sense, and the possibilities of SDL were there for me to see. Now she was either a cunning women, and keen investor, who has managed to con her way through life and take the police force for a ride, or she actually did see something. So i decided to take the plunge, and although I am embarassed to admit it, part of me has faith that she will prove correct.

Ok, it may not be my most solid indicator, but it probably is my most interesting.