westcott,
Pyt said George Jone has been secured SDL jv, and the confirmation will be on 31st of August, finance will come November.
Pyt said Ken Tabbot threw in 5mils because he already know for sure that SDL will secure jv this year
Pyt said China needed iron ore, and SDL is the cheapest.
So westcott, what does Pyt sound like ? Klob 26 ?
Pyt, I bet, because of your post, someone in this forum will hold their share, do you call that person a mug and being plain stupid too ?
I do not want to attack you, I am just asking all of you to be open mind and welcome opinion from both sides: positive as well as negative. Since we do not have any information from SDL, without consider both positive and negative guessing about this company, one will end up love it too much or hate it too much. The end result is you might sell it short and miss out the upturn, or sell it too late and lose most of your capital. Because of too much rubbish post on these forum, the like of hearing positive post about the share they hold, people tend to forget the main thing, eg.. information and information that we do not have but guess.
I 'd like SDL thread to contribute a valuable guessing info, because I also love this stock. I want it to have a bright future as well, so that I can reenter and retire early. However, the tumbling of the share price from 18.5c to the low of 13c, that is almost 30%, and the resignation of GJ, make me wonder. This 30% has nothing to do with Global Finance Crisis. Look at FMS, that company has nothing, but its share price does not tumbling that much in the last couple of weeks. Other iron ore companies also hold their ground quite firmly, but SDL. So anyone can expain these ?
1) The reason sp gone all the way from 18.5c to 14c currently on no news but GJ resignation
2) What is SDL currently doing ?
3) Why is no new on JV ?
4) Why 2 supports broken within week ?
5) There is a large single transaction over 800,000 at near end of the day sold down at 14c.
6) There 're more sellers than buyers
7) sp makes a lower low and a higher low, isn't it a downtrend indication ?
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