SDL 0.00% 0.6¢ sundance resources limited

some very nice buying coming into play now ..., page-4

  1. 1,107 Posts.
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    Yuyu, as much as I hope you are right, I dont think it is the case.

    If SDL were that close to securing a deal, they wouldnt have called for funding from shareholders.

    I would say that the recent increase is a direct result of the meeting and announcements over the past couple of days, combined with traders trying to pump the stock up for a quick profit on the back of it.

    There will be quite a few people recieve an allotment of shares shortly, which they purchased at 8c. I would imagine that as soon as these shares become available to them, there will be some locking in the profit and selling out.
 
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